The construction work for the graphite processing factory complex in the village of Muichi, district headquarters of Nipepe, in Niassa, northern Mozambique, is already underway
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Mozambique makes major breakthrough in diamond industry
A major advance may be made by Mozambique in investments in the diamond sector. The steps towards Mozambique's accession to the Kimberley Process, whose formalization is expected later this year, will open the door to the diamond market
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Vale produces and exports more coal in the third quarter
Mining company Vale announced that coal production in Mozambique increased by 78.1% and sales almost doubled in the third quarter of 2021 compared to 2020, according to data from the company's latest report. Coal production in the third quarter of 2021 stood at 2.4 million tons and sales amounted to...
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Mphanda Nkuwa" hydroelectric project commits to sustainability
The Mphanda Nkuwa Hydropower Project Implementation Office (GMNK) and the International Hydropower Association (IHA) have signed an agreement to ensure the sustainability of hydropower in Mozambique. "Mozambique is committed to a sustainable and clean energy system [...] and also hopes to gain important insights and lessons on how to address future...
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MRG Metals discovers high grade minerals in southern Mozambique
Australian mining company MRG Metals confirmed on Tuesday that there are three high-grade heavy mineral sand zones in the Central Corridor of its concession between the towns of Koko Massava and Malahice in Gaza province. They cover a combined area of about 1.8 square kilometers. "Our infill drilling program...
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Beluluane National Park adopts new name
The Beluluane National Park (BIP) has changed its name to MozParks Holding - Parques Industriais e Zonas Francas, SA. The decision for a new name had its major impulse during a working visit of the Minister of Industry and Commerce. Carlos Mesquita challenged the managers of the...
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Vale expects to sell Moatize coal mine by the end of this year
Brazilian mining company Vale may find a buyer for its Moatize coal mine by the end of this year in an ongoing move to achieve a leaner portfolio, Vale CEO Eduardo Bartolomeo said
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China is without electricity and the world may lose USD 120 billion
The Russell Group has revealed that the current power shortage in China has resulted in several electricity supply cuts and this could hurt about $120 billion in trade flows. The power shortage comes even after Beijing's efforts to increase the supply of coal, the main energy matrix of the...
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Companies will profit USD 150 billion from container shipping this year
Shipping consultancy Drewry has revised upwards its forecast for container shipping companies' profits to $150 billion in 2021. The expectation is that in 2022 profits will be slightly better. Congested traffic and growing demand drive freight rates higher and higher, and...
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Mozambique among five African countries with coal-fired power plant projects
Five African countries, including Mozambique, are planning to build coal-fired power plants despite a global fight to end those highly polluting plants, according to a report released Wednesday