GemeWizard
Home|About Us|Store|Color Report Newsletter|Support|News & Events|Contact|Gemstones Colors

Gemstones Colors and Prices



         


   

      Gemewizard archive daily article




The ruby deposit at at Namanhumbir in Mozambique's northern province of Cabo Delgado is said to be one of the largest ever discovered.



  New company established to mine massive ruby deposit in northern Mozambique


January 10, 2012


A newly established company will begin mining a rich deposit of rubies at Namanhumbir in the northern province of Cabo Delgado, Mozambique. Until recently the desposit was exploited by informal miners, who allegedly were selling the goods illegally to buyers from Tanzania, Nigeria and Thailand.

The new company is Montepuez Ruby Mining Lda, which in partnership with a British consortium has been granted a 25-year licence by the Mozambique government, which grants it the right to mine an area of 32,000 hectares.

Geological studies indicate that the region contains ruby deposits that can support mining for a period of 50 years. It has been speculated that this may be the largest deposit of rubies ever discovered anywhere in the world.

According to Asghar Fakhar, one of Montepuez Ruby Mining's managing partners, "We estimate that we will create about 350 fixed specialist jobs for mining engineers, geologists, topographers, and economists among others. The installation of the equipment and all the apparatus to start operations will begin in January."

The company also is committed to undertake corporate social responsibility projects, including the digging of wells in the area, rehabilitating the local primary school and building a market for local residents.

©2007 Menahem Sevdermish, GemEwizard, Inc. All Rights Reserved. Designed by YCS - Yahalom Creative Solutions