Pathfinder Minerals Plc (AIM:PFP) is a natural resources company listed on the AIM market of the London Stock Exchange.
Companhia Mineira de Naburi S.A.R.L., a subsidiary of Pathfinder Minerals, was issued mining concession licences 760C and 4623C on 13 September 2004 and 13 July 2011 respectively, each for a period of twenty-five years. Taken together, these mining concessions cover approximately 32,000 hectares of land on the Indian Ocean coast of the Zambezia province of Mozambique, known to contain the heavy minerals, ilmenite, rutile and zircon, used in the manufacture of a wide range of products across a number of industrial sectors.
As announced on 3 February 2012, ownership of these licences is being disputed. For a detailed background summary of the dispute and associated steps being taken by Pathfinder Minerals to recover its assets and resume project development click here