The industrial extraction of gold in the administrative post of Nairoto, district of Montepuez, in Cabo Delgado, a project led by Mwiriti Lda., a company that has been researching this natural resource for several years, will start in the next few days.
According to Asghar Fakhir, administrator of Mwiriti Lda, everything is ready for the production to start, pointing out that the Government has already conceded the intended area and the project is already at an advanced stage.
“It is expected that by the end of this year marketable quantities of that precious mineral will have already been produced,” he said.
The source made it known that for this purpose a joint venture has been formed, called Nairoto Resource Holding, consisting of the companies Mwiriti Lda, a Mauritius mining company, and Gemsfield – a unit that explores rubies in Namanhumbir, in Cabo Delgado province.
He added that gold production should have started several months ago, but has stalled because of the new coronavirus pandemic.
Data provided by our source indicate that, for this purpose, 11 million dollars were initially invested by Mwiriti Ltd. and, at this moment, more than 30 million dollars are being mobilized by the consortium and that, in a first phase, the project is employing a little more than 140 workers mostly local youth.
Asghar Fakhir also made it known that to start production, the company needs to mobilize just over 25 million dollars, an amount that will be obtained through a loan from the national bank or through multinationals with extensive experience in that type of business, as it does in the Namanhumbir ruby mining, with its British counterpart Gemsfield.
In parallel to this project, Mwiriti Lda. is carrying out research work for gold and graphite in the districts of Marávia and Zumbo, in the province of Tete, regions where the company holds 5 research and prospecting licenses, where it has already invested about 125 million meticais, and is currently employing 60 mostly local workers.
