A court case taking place on national territory has led to the freezing of a million-dollar deal in which Indian steelmaker JSW Steel, owned by billionaire Sajjan Jindal, intends to acquire the estate of Australian maganta Ken Talbot, who died 14 years ago. The deal is over the lease of the coal mine in Revuboè (MoR), in the province of...
Category: Markets
IMOPETRO seeks new fuel supplier for the country
The Mozambican Oil Importer (IMOPETRO) has launched an international tender to find a new fuel supplier for the country from next April. The quantities planned for import should ensure the availability of gasoline, diesel and JET for a period of six months. An IMOPETRO source quoted by Notícias said that there is...
More than 15,000 people crossed Maputo's borders in three days
Between Thursday and Saturday, 15,542 people crossed Maputo's borders, most of them returning to South Africa. The Ressano Garcia border recorded the largest influx, with 11,188 people crossing between Mozambique and that neighboring country. To ensure the smooth transit of people and goods, the migration authorities...
Sasol resumes activities after the stoppage caused by the demonstrations
South African petrochemical company Sasol, which exploits natural gas in the province of Inhambane, is operating normally, after the stoppage caused by the demonstrations that have been taking place since last October. According to a report in the newspaper Notícias, which quotes the Minister of Industry and Commerce, Silvino Moreno, the problem that culminated in the...
Macadamia production already reaches five thousand tons in Mozambique
Macadamia cultivation, a crop with high commercial value on the international market, has seen remarkable growth in recent years, reaching a harvest of 5,000 tons in the 2023/24 crop year, with good prospects for the current harvest. According to the National Almond Institute, quoted by the newspaper Notícias, in global terms...
Tourism: Digital platforms now pay taxes
Digital platforms, specifically international tourist service platforms, will be obliged to pay taxes on their transactions related to tourist resorts operating in the country. The initiative arises from the Mozambican state's observation that these companies specializing in travel bookings operate in the country, earn commissions, but these are not...
Under pressure from ENI, Mozambique could lose 2.3 billion dollars in new gas contracts
The Mozambican state could lose more than 2.3 billion dollars over 25 years - 92 million dollars a year - in a new gas contract that ENI is forcing it to sign. According to the Center for Public Integrity (CIP), the multinational is pressuring Mozambique to sign a contract...
Karingani Game Reserve celebrates the graduation of the first 23 SACT students in hospitality and tourism services
On December 6, 2024, the South African College for Tourism (SACT) in Graaff-Reinet, South Africa, hosted a historic moment for conservation and tourism in Mozambique: the graduation ceremony of the first 23 young Mozambicans, funded by the founding partners of Karingani Game Reserve, Mr. and Mrs. Stephen and Maggie Lansdown. This...
Cabo Delgado: Syrah Resources suspends graphite mine and loses 32% of share value
Australian mining company Syrah Resources declared "Force Majeure" on Wednesday and suspended its operations at the Balama mine, in Cabo Delgado province, as a result of the current socio-political situation. A statement issued today by the company emphasizes that this measure has to do with the progression of the post-election protests that are already affecting several mining companies....
Demonstrations: Government guarantees safety for tourists visiting Mozambique
The government, through the Ministry of Culture and Tourism, is guaranteeing security and practical support for tourists who visit the country this summer. The Minister of Culture and Tourism, Eldevina Materula, understands that travelers may feel apprehensive about the political and electoral situation in Mozambique, but assures that "the focus remains...