Mozambique recorded record gold production last year, at 1,666.4 kilograms compared to 1,263.8 kilograms in the same period the previous year. The figures are contained in the Balance of the Economic and Social Plan and State Budget (BdPESOE), recently released by the Ministry of Economy and Finance (MEF) and to which MZNews had access. According to the...
Category: Industry
Post
Mozambique's industrial sector revenues fell by 3.6% last year
The volume of revenue from the industrial sector fell by 3.6% last year compared to the previous period, reaching 147.2 billion meticais compared to 152.7 billion, in a sample made up of 337 companies. According to the data contained in the Balance of the Economic and Social Plan and State Budget (BdPESOE), recently released by the Ministry...
Post
Energy sector attracts Algerian investment
A mission from Algeria will be traveling to Mozambique in the coming days to prospect for investment opportunities in the energy sector. "We have seen that there are not only opportunities in the area of hydrocarbons, but also in terms of renewable energies, where a lot can be done," said the Director for Promotion and Support of Economic Exchange at the Ministry...
Post
MEF seeks to recover 400 million in taxes on the mining industry
The setting of reference prices for mineral exports has allowed the state to raise revenues in the order of 305.4% between July and December 2023 in the heavy sector alone. And, according to Notícias, the Ministry of Economy and Finance (MEF) is working to recover around 400 million meticais in...
Post
CIP accuses Chinese mining companies of "killing" Mozambicans
The Centre for Public Integrity (CIP), a Mozambican non-governmental organization (NGO), says that the mining activity carried out by Chinese companies in Mozambique is causing discontent in communities due to the destruction of livelihoods and environmental degradation. A study presented on Wednesday (28) in Maputo by the CIP concluded that there are...
Post
First shipment of heavy sands from Chibuto should take place in August
By August of this year, the first shipment of heavy sands from Chibuto could be made by sea, as a result of the completion of construction work on the dock for the export of this mineral in the Chongoene district of Gaza. According to the project manager, You Jian Ping, "the construction of the Chongoene dock is divided...
Post
Zambézia: Authorities seize three trucks with 90 tons of minerals
On Friday, the police authorities in Zambézia province, in the center of the country, seized three horse-drawn trucks loaded with around 30 tons of lepidolite each, an ore from which lithium is extracted and used to produce batteries and electric cars. According to the newspaper Domingo, the case took place in the district of...
Post
President of the Republic calls for more investment and supervision in the mining sector
This Monday, the President of the Republic defended the need for greater attraction of foreign investment in the Mozambican mining sector, saying that the entry into operation of the Geology Laboratory of the National Mining Institute (INAMI) imposes the need for more supervision of mining activity in the country. According to Filipe Nyusi, who was speaking today...
Post
"Mozambique is one of the countries that least channels revenues from the extractive industry to communities," - UN
Mozambique is one of the countries that least returns the money from the extraction of mineral resources to the communities hosting the projects, according to data from the United Nations Research Institute for Social Development, shared by Sasol. According to the comparative analysis carried out by the United Nations (UN) body, the Mozambican state concentrates 90% of the revenue from...
Post
Gaza: Export of heavy sands from Chibuto to start this quarter
The Chinese mining company Ding Sheng Minerals, which operates the heavy sands mine in Chibuto, in the southern province of Gaza, will begin exporting the resource in the first quarter of this year. According to the administrator of Chongoene, Artur Macamo, the construction of the dock at that point is expected to be completed soon,...