An unprecedented UN analysis to which The Guardian has had access reveals a predicted increase of 60% in the extraction of raw materials worldwide by 2060, with "serious implications" for the environment and the climate. The report attributes the increase of almost 400% in the extraction of natural resources since 1970 to factors such as industrialization,...
Montepuez Ruby Mining says illegal mining endangers youth in Cabo Delgado
Montepuez Ruby Mining (MRM) on Tuesday expressed its concern about illegal mining in Cabo Delgado province, financed by foreign traders, stressing that this activity exploits and endangers young people, including children. According to the mining company, illegal mining in the region puts pressure on local communities and deprives Mozambique of the much-needed...
Mozambique wants to focus on industrial production to boost trade
The Mozambican government, through the Prime Minister, has reaffirmed the country's determination to continue implementing measures and actions that contribute to increasing national industrial production, prioritizing the use of local raw materials. This intention, according to Adriano Maleiane, who was speaking on Saturday (27) in Aburi Hills, Ghana, on the occasion of the Dialogues for Prosperity in...
NGO advocates dialog to prevent conflicts with companies in the extractive sector
The Centre for Democracy and Human Rights (CDD), a Mozambican Non-Governmental Organization (NGO) argued on Tuesday that there should be dialogue with the communities where extractive industries are installed, in order to prevent conflicts. Speaking in Pemba, Cabo Delgado, during a meeting to discuss human rights in Mozambique, the business pillar focal point...
Manica: Mutapa Mining plans to export 40 kg of gold per month
A Mozambican-British gold mining consortium in the district of Manica, in the province of the same name, plans to export around 40 kg of the precious metal from next February. Mutamba Mining Processing expects that over the next two years it will be able to reach the production figures required by international markets. Expectations are high...
Trade between Mozambique and India reaches 1.8 billion dollars, boosted by mineral coal
Trade between Mozambique and India reached 1.8 billion dollars in the 2017/18 biennium, according to the High Commissioner of India in Mozambique. Cited by Notícias, Ankane Banejee recalled that in the 2011/12 biennium the figure was 634.82 million dollars. Mozambique's exports to that Asian country continue to increase, with...
Montepuez rubies earn Gemfields over a billion dollars
London-based mining company Gemfields announced on Wednesday that it had raised 69.5 million US dollars from an auction of rough rubies of mixed quality held between November 29 and December 5 in Bangkok, Thailand. The gems were mined in the province of Cabo Delgado, in northern Mozambique, by Montepuez...
Angola inaugurated its largest diamond project for which 635 million dollars have already been invested
On Monday, the President of Angola, João Lourenço, inaugurated the country's largest diamond exploration project, the Luele mine, for which the consortium has already invested 635 million dollars. The Sociedade Mineira do Luele consortium is made up of Catoca with a 50.5% stake, Angolan state diamond company Endiama, 25%,...
PR announces construction of graphite processing plant for Nipepe
The President of the Republic, Filipe Nyusi, yesterday announced the construction of the first graphite extraction and processing plant in the district of Nipepe, Niassa province. Quoted by "Notícias", the Head of State said that the new plant would have a major impact on the employability of young people and accelerate the development of that part of the...
Mozambique: Rio Tinto to pay 28 million fine for hiding losses from coal investment
Mining giant Rio Tinto has agreed to pay $28 million to a US court to end a fraud case in Mozambique. It was accused of hiding losses from its coal investment. According to the specialized press, which cites the decision of the Manhattan federal court on the lawsuit brought by the SEC,...