Expatica news

Emirates company to search for gold, silver and copper in the Alentejo

goldnuggetAn investment company from the United Arab Emirates is interested in searching for gold, silver, copper, lead, zinc and iron in the Alentejo.

A request already had been submitted to the Directorate-General for Energy and Geology.

Matsa Mubadala & Trafigura has submitted two applications to the Directorate-General to obtain licenses to prospect for minerals in two regions of the Alentejo, according to a note in Diário da República on Monday, March 4.

One of the dispatches notes an area called Portel which spreads across Portel, Vidigueira, Serpa, Beja, Cuba, Alvito and Viana do Alentejo.

The other application covers Santiago, located in Santiago do Cacém and Grândola.

Matsa A Mubadala & Trafigura Company joins the Spanish mining company Minas de Aguas Teñidas, the Mubadala Investment Company of the United Arab Emirates and the global commodities giant Trafigura, which specialises in petroleum, minerals and metals.