Deal #7827

Mozambique
Created at
2020-03-27
Last update
2020-04-02

Land area

Size under contract (leased or purchased area)
  • [2017, current] 19878.0 ha
Comment on land area
The mining concession is covering an area of 19,878 hectares, including 4,484 hectares on which an iron and steel factory will be built.

Intention of investment

Intention of investment
  • [current] Mining
Comment on intention of investment
extraction and processing of iron ore for steel production.

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
The contract is valid for 25 years, capable of renewal and subject to fixed conditions

Negotiation status

Negotiation status
  • [2017, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [current] Project not started
Comment on implementation status
Baobab completed a Definitive Feasibility Study in 2017. According to the company's website, the Project is construction-ready and looking for equity and debt investment partners. Baobab requires USD 300 million in equity in order to implement the project.The construction timeline is expected to be 30 months, with commission and first production in 2021