Welcome to Noventa

Noventa's strategy is to be the world's largest, low cost industrial scale supplier of tantalum concentrate, a rare speciality metal widely used in the consumer electronics industry.  There is currently a shortage of tantalum supply and stock levels in the industry are being run down. Noventa is in a unique position to expand production to meet the industries needs.

The Jersey based Company's Marropino mine in Mozambique resumed production in April 2010, and the Company has now embarked on a Strategic Plan which it believes will build the foundations of a long-term, profitable, cash generative and sustainable business.

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Marropino mine: 1st team of operators ready to work and fully equipped 31 March 2010

Tantalum Markets

Pure tantalum is characterised by its high melting point, its exceptional resistance to chemical attack, its capacity to store and release electrical charge and its corrosion resistance. These unique chemical properties have led to its widespread use in the electronics industry, mainly as powder and wire for capacitors in telecommunications devices and implantable medical devices. Tantalum also goes into the manufacture of super alloys, imparting strength and high-temperature resistance against cracking, for use in aerospace and energy generation.

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Country Profile

Mozambique has experienced one of the world’s most rapidly growing economies over the past five years. Its real GDP growth averaged 8.1 per cent over the past decade with decreasing inflation and sustained political stability. Growth has been driven primarily by foreign-financed ‘‘mega-projects’’ in mining, energy and infrastructure, supplemented by large donor aid inflows.

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