The company Petróleos de Moçambique (Petromoc) is authorized to sell shares corresponding to 20% of its share capital in the company Maputo International Airport Fueling Services Limitada (MIAFS) to I2A Investimentos e Participações, according to the Competition Regulatory Authority (ARC). According to the ARC, which informed the operation, Resolution no. 05/2023, of September 4, obliges...
The Indian mining company Vulcan has just started a new cycle of technical and vocational training for 500 young people from urban neighborhoods and rural communities in Moatize, with an investment of over 24 million meticais. According to a report in the Rigor newspaper, the initiative reinforces the company's commitment to sustainable social and economic development...
The president of the South Korean construction company and multinational Daewoo, Won-Ju Jung, says he is interested in participating in the construction of projects located in Area 4 of the Rovuma basin, Cabo Delgado province, northern Mozambique. The interest was expressed on Wednesday (18) in Maputo by Won-Ju Jung after a meeting with the President of the Republic, Daniel Chapo,...
The purchase of shares in Linhas Aéreas de Moçambique (LAM) should be completed in the next three months, according to assurances from the Chairman of the Board of Directors of Portos e Caminhos de Ferro de Moçambique. Agostinho Langa Júnior assured that the company will have new aircraft. For the time being, the airline's debts are being paid off,...
British mining company Gemfields raised 31.7 million dollars, equivalent to 2.04 billion meticais, in an auction of mixed quality rubies from its Montepuez mine in northern Mozambique. In a statement released on Wednesday (18), Montepuez Ruby Mining (MRM), which is owned 75% by Gemfields and 25% by Mwiriti...
Mining company Kenmare Resources, which operates in the heavy sands of Moma, located in the northern province of Nampula, promises to continue its operations in Mozambique for decades to come. The assurance was given by Kenmare's CEO, Tom Hickey, during a meeting this Friday (13) with the President of the Republic, Daniel Chapo, where the...
The Industrial Association of Mozambique - AIMO and Field Ready, an international initiative aimed at improving the employability of young people, signed a strategic partnership yesterday (Friday 13th) to improve youth employability in Mozambique's industrial sector. According to a statement from AIMO, the partnership aims to promote economic growth and improve employability. A...
Gemfields, a London-listed company, has revealed that despite the challenges encountered, the construction of its second ruby processing plant (PP2) based at Montepuez Ruby Mining (MRM), in the province of Cabo Delgado, in northern Mozambique, will be completed by the end of the first half of this year. In a publication by...
Linhas Aéreas de Moçambique (LAM) is mired in a financial crisis that has the potential to drag down others in the state-owned business sector, one of which is Aeroportos de Moçambique (AdM). Around 40% of AdM's revenues come from LAM, but the airline is currently adding up debts and not converting the contribution into effective liquidity....
The obligation to seal alcoholic drinks outside the country, in the case of imported drinks, is negatively affecting the performance of the Cervejas de Moçambique (CDM) company and causing significant tax losses for the state. In a publication released by AIM this Wednesday (11), the chairman of CDM's Board of Directors, Tomáz Salomão, who...