The Mozambican state loses 360 million meticais annually due to illegal trafficking and smuggling of mineral products, especially gold
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Pandora beats pre-pandemic results in jewelry rush
Pandora's comparable sales grew 7%, in the period between April and June this year, compared to the same period in 2019. According to the Danish jewelry brand, the results obtained in the second quarter of 2021, worldwide, exceeded the sales recorded in pre-Pandora. According to a publication on the portal "Executive Digest", the United States of...
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Vale wants responsible withdrawal from its operations in Mozambique
Brazilian mining company Vale assured the Mozambican government that "the company wants to exit Mozambique in a responsible way", leaving assets and workforce with competitive value
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DP World develops in Dubai a system that promises to speed up storage and transportation of containers
DP World, a Dubai-based port operator, has developed a time and space-saving innovation, reports 'CNN'
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Mozambican company promotes ruby auctions in India and Thailand
The mining company Fura Mining Mozambique launched this Monday the first auctions of rubies it is mining in the northern district of Montepuez, as part of two bids in India and Thailand, the Mozambican government announced
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"Private companies' profit rose in the second quarter of 2021."-CTA
The Business Strength Index Report, recently presented by the Confederation of Mozambican Economic Associations (CTA), indicates that, between Q1 and Q2 2021, the profit of the Mozambican business sector registered a slight improvement, from -753 MZN/Un to -619 MZN/Un, reflecting the timid recovery in revenue volume by 3.1%, from 12.471 MZN/Un to 12.862 MZN/Un, associated with the reduction in production costs by about 0.44%, from 13.360 MZN/Un to 13.301 MZN/Un
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Mozambique creates management unit for Kimberley process, precious metals and gems
The Council of Ministers approved, this Tuesday, the revision of the decree, which creates the Kimberley Process Management Unit, Precious Metals and Gems
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Mozambique on the "right track" to sell certified diamonds on the international market
The Council of Ministers announced this Tuesday that the country is on the "right track" in complying with the international procedures required for the sale of certified diamonds, under the so-called Kimberley Process
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"Military victory marks an important step toward resuming development"
The Minister of Mineral Resources and Energy considered this Monday the advances against armed groups in Cabo Delgado province "a very important step" for the resumption of natural gas projects and the development of the region
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Private sector activity continued to increase in July
Economic conditions in Mozambique continued to improve last July, according to the latest data from the Purchasing Managers' Index™ (PMI) survey, conducted monthly by Standard Bank