The Indian mining company Vulcan, which exploits coal in Moatize, in the province of Tete, central Mozambique, intends to invest one billion dollars over the next few years in the area of environmental sustainability, recycling of mining waste and its transformation, and renewable energies. The information was released last week after a meeting between...
The Industrial Association of Mozambique (AIMO) argues that megaprojects should boost the development of local industries and improve the lives of communities, as long as they operate in the country. The position was presented last Friday (14) at a meeting between AIMO and the Minister of Economy, during which the association asked for more access to funding....
The CEO of Eurasian Resources Group (ERG) revealed on Monday that the mining company intends to sell its assets in Mozambique as a reform measure to reduce costs at the cobalt and chrome producer. "The market is very, very bad and depressed. I think it's going to stay that way for the next two to three years," said Nicolas Treand,...
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...
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...
Mozambique has huge reserves of mineral resources, including graphite. The raw product is the promise of the future of the energy sector, especially in the automotive sector. Data from the Minning Intelligence platform shows that Mozambique leads the list of the 10 largest graphite exploration projects and reserves in the world, with two projects. These are...
A study by the Center for Public Integrity (CIP) reveals that the implementation of the Chinese company Haiyu Mining, which has been exploiting heavy sands for more than ten years in Angoche, Nampula province, is causing serious environmental problems that are driving communities into poverty. In a VOA publication, CIP points to the destruction of native vegetation, the existence...
China has announced the end of restrictions on foreign capital in areas such as health and manufacturing to combat the decline in foreign investment and breathe new life into the economy. The list of sectors where China does not allow foreign investment has once again been shortened. This Sunday (08), Beijing...
Vietnam could increase the volume of coal imports from Mozambique to feed its industry, especially for the production of electricity. The intention was expressed during a meeting in the capital Hanoi between the management of Vietnam National Coal & Mineral Industries (Vinacomin) and Mozambican President Filipe Nyusi, who...
London-based mining company Gemfields announced yesterday, Thursday (05), that it had raised 2.3 million dollars in an auction of commercial rubies. The stones sold from September 2nd to 4th (Monday to Wednesday) were mined in the Montepuez district, in northern Mozambique, by Montepuez Ruby Mining Limitada (MRM), which owns...