Baobab Resources Plc (LON:BAO) ('Baobab' or the 'Company') is pleased to provide the following update on activities relating to the Bankable Feasibility Study ('BFS') at the Company's Tete pig iron and ferro-vanadium operation in Mozambique.
This Thursday, 5th December , there are two opportunities to see Ben James, MD of Baobab Resources, updating the markets with the Company's latest news and what to expect in 2014.
Baobab Resources Plc (LON:BAO) ('Baobab' or the 'Company') is wholly focused in Mozambique where it is developing a pig iron and ferro-vanadium project in the Tete province (the 'Tete Project'), one of Africa's fastest growing mining centres. Other assets in the Company's portfolio include the Changara project which is being operated under a Joint Venture ('JV') with ASX listed Metals of Africa (please refer to RNS dated 28 November 2012).
Baobab Resources Plc (LON:BAO) ('Baobab' or the 'Company') is pleased to provide further information regarding the recently discovered sequence of carbonate rocks located within 5km of the Company's Tenge/Ruoni resource block and proposed pig iron and ferro-vanadium operation.
New highs in so many markets are not the stuff of economic collapses but rather these are indicators that are confirming the continuing current global expansion that I consider will develop into a major long term economic boom. The past couple of months are bringing daylight into this very sunny outlook.
Baobab Resources (LON:BAO) Managing Director, Ben James, discusses the operational update announcement and the implications of the Memorandum of Understanding (MOU) with Mozambique's national power utility.
Baobab Resources Plc (LON:BAO) ('Baobab' or the 'Company') is pleased to announce that it has signed a Memorandum of Understanding ('MOU') with Mozambique's state owned energy company, Electricidade de Moçambique ('EDM') to jointly commission a detailed network option study on the Tete Project's power requirements. The MOU signals a significant step towards developing and formalising a power purchase agreement with EDM.
