Mozambique: Government Approves 20-Year Extension for Kenmare’s Mining Operations

Maputo — The Irish company Kenmare Resources, which has been mining the heavy mineral sands in Moma and Larde districts, in the northern Mozambican province of Nampula, has announced that the Council of Ministers (cabinet) has approved a 20-year extension for its operations in the country.

According to Miningmx, citing Kenmare’s statement addressed Mozambique’ stock exchange, agreement for the processing and export of heavy sands by Kenmare will run in until 2044.

Royalties based on gross…