Browsing: Mustang Resources

Extractives New Energy Minerals' Caula graphite and vanadium project is located in Cabo Delgado. Image: NEM
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New Energy Minerals (NEM) expects Chinese demand for reinforced steel to underpin its vanadium mining project at Cuala in Cabo Delgado, and has secured a $3.6 million investment from a Hong Kong investment group to push the development [...]

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Extractives Rubies recovered at the Mustang site in January 2018 Photo © Mustang Resources
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Industry leaders say that rubies could soon become a billion-dollar business in Mozambique, but today mining companies are struggling to produce and sell at their full potential, while government is accused of weak regulation. 

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