The shipment happened under an agreement signed between CFM and the Cuchi Steel Company. According to Angop, from now on CFM will transport from Cuvango to Moçâmedes, once a day, 900 tons of this ore.
At the moment, the company transports about 12 thousand tons of cargo per month. With this new agreement, the transport of iron is expected to reach 400 thousand tons per year.
Companhia Siderúrgica do Cuchi is a company dedicated to iron exploration in Cuando Cubango province and in the Cutatu mines, in Cuvango, Huíla.
Speaking to Angop, Wilton Ferreira, general director of the company, revealed that the exploration in the Cutatu mines started last February, indicating that currently the company has a stock of 24 thousand tons already explored.
He also said that the exploration of that mine will be done in a time horizon of 50 years and completed saying that, for now, countries in Europe and Asia have already bought one million tons of ore.
He also made it known that, with the project, 35 jobs were created, but revealed that as soon as the activity reaches its maximum there will be 400 vacancies available.
The beginning of the mining activity in the Cutatu and Jamba mines (Huíla), will allow CFM to increase its accounts from 700 million to more than one billion kwanzas per year, recently indicated António Conceição, CFM?s financial manager.
