The neodymium-praseodymium extracted from the mine is used in the making of magnets for electric vehicle motors.
Lusofonia
The government says the scheme is intended to boost tourism and business travel to the country, one of the fastest growing economies in Sub-Saharan Africa.
The new facility will be located in Chongoene and will handle shipments of so-called ‘heavy sands’ to China, the biggest market for Mozambique’s minerals.
President Marcelo Rebelo de Sousa is the first Portuguese leader to hint at contrition for imperialism but he offered no specifics on a formal apology or reparations.
Beijing municipality, a huge trading entity in its own right, has seen a robust recovery in trade volumes driven by emerging economies.
Capital and international expertise are needed to fully exploit Angola’s rich reserves of critical minerals, the minister says.
The first Portugal-Brazil summit since 2016 is expected to yield more than a dozen bilateral agreements and reinforce cultural and diplomatic ties.
The Singapore-based company plans to invest $150 million in Brazil, leading to the creation of thousands of jobs.
The Brazilian president is in Portugal for four days in a bid to boost lacklustre trade between the two lusophone nations.