#Montepuez ruby mine upgrade

In January of this year, Mustang received nearly $20 million in funding for the project from US company Arena Investors. MustangвЂ™sВ Montepuez project consists of four licences covering 19,500 hectares, and is adjacent to GemfieldsвЂ™ own 33,600 hectare Montepuez project, thought to be one of the worldвЂ™s largest ruby deposits. The company, which also owns the Caula graphite project, will now complete an environmental impact assessment within three years and mine development must start within 24 months of theВ environmental licence being granted. The concession, entitled вЂMining Concession 8955CвЂ™, was granted by the Government of Mozambique, and covers over the area of MustangвЂ™s older Prospecting and Exploration Licence (8245L).

#Montepuez ruby mine upgrade

Caterpillar launches hydrogen backup power for data centresД®merging gem explorer Mustang Resources has announced an upgrade for its Montepuez ruby project exploration licence, having been granted a mining concession valid until 2042.Northern Star lights up KCGM with power grab.Mining gets AI boost with new research centre.Coal could become carbon neutral with new tech.