Thuthuka Group project in Mozambique
July 2010
News
The mining division of Gauteng-based engineering firm Thuthuka Group Limited (TGL), Matrix Metals, has been awarded its first major project for a limestone operation in Mozambique. The contract encompasses the feasibility study up to bankable level for the exploitation of a limestone resource and the subsequent development of the resource for the production of cement and limestone and related products.
According to Matrix Metals’ Gerhard Bezuidenhout the R4,5 billion limestone project is expected to have a return on investment in excess of market trends. The first phase of the market study has been completed and the environmental management plan is about to be submitted for approval to the Mozambique authorities. Once approval is granted, drilling to quantify the limestone reserve will commence and a more detailed market study undertaken.
Bezuidenhout says that there are three possible markets for the limestone with the primary market being the production of clinker/cement. The first limestone is expected to be produced in 24 months’ time, while the production of clinker/cement is expected to take an additional 18 months to develop.
A Mozambican company, MOZMIN, has been formed with local partner Sociedade Kin Investmentos E Participacoes Limitada, in which TGL has a majority shareholding of 70%. Bezuidenhout says that Matrix Metals will be operating from a position of strength in Mozambique as TGL has vast experience in working on projects in Africa and is well equipped to deal with challenges such as legislation requirements and setting up partnerships outside South Africa’s borders.
Utilising the engineering skills of the Thuthuka Group, Matrix Metals can offer complete turnkey solutions which include the recovery of precious and base metals. The latter items expand on previous TGL operations recovering metals from existing tailings and rock dumps. A particular area of interest for Matrix Metals is investment in green field mining developments in Africa as well as brown field operations, both locally and internationally.
For more information contact Tom Marsden, Thuthuka Group, 086 184 8848, www.thuthukagroup.com
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