{"id":15908,"date":"2022-03-15T15:55:12","date_gmt":"2022-03-15T15:55:12","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=15908"},"modified":"2022-03-15T15:53:31","modified_gmt":"2022-03-15T15:53:31","slug":"mongtepuez-ruby-mining-to-double-process-capacity-aim","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mongtepuez-ruby-mining-to-double-process-capacity-aim","title":{"rendered":"Mongtepuez Ruby Mining to double process capacity \u2013 AIM"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>Montepuez Ruby Mining (MRM), the company that operates what is believed to the world\u2019s largest deposit of rubies, in Montepuez district, in the northern province of Cabo Delgado, plans to double its operations with the installation of a second processing plant and fuel storage facility, budgeted at 59.6 million US dollars<\/p>\n<p>This operation, according to an MRM Monday press release, was preceded by a public consultation on the proposal to increase capacity. This complied with a legal requirement, but also served as an opportunity to understand the opinions of the main parties interested in the project.<\/p>\n<p>\u201cThis project will have a significant impact both on the company and on the country\u201d, said the release.<\/p>\n<p>\u201cOnce concluded, the new treatment station proposed should increase production substantially, as well as the basis for the company\u2019s income\u201d, said the note, citing the deputy managing director of MRM, Claudius Nhongonhema.<\/p>\n<p>According to Nhongonhema, the increase in the company\u2019s capacity, will lead to an increase in the production tax and in the royalties paid to the Mozambican government. This investment will also create 400 new jobs, helping to reduce the level of unemployment in the nearby communities.<\/p>\n<p>MRM\u2019s current installed capacity is 200 tonnes an hour and when the new facility is installed, this will rise to more than 400 tonnes an hour. The current fuel storage capacity is 130,000 litres which will now rise to 300,000 litres.<\/p>\n<p>It is expected that work in the ground to install the new equipment will begin in June.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. Montepuez Ruby Mining (MRM), the company that operates what is believed to the world\u2019s largest deposit of rubies, in Montepuez district, in the northern province of Cabo Delgado, plans to double its operations with the installation of a second processing plant and fuel storage facility, budgeted at 59.6 million US dollars This [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":15905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-15908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mongtepuez Ruby Mining to double process capacity \u2013 AIM - 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