The Department of Statistics and Reporting of the Bank of Mozambique recently announced that the export of coal earned the country US$540.1 million in the first quarter of the year. The entity revealed that this was due to the high demand for the product in the international market, and that in the whole of last year, Mozambique earned 1465.6 million...
The Government foresees, for next year, a 2% growth in the manufacturing sector and a double digit contribution to the Gross Domestic Product (GDP), in 2030. The figures were advanced today in Maputo by the permanent secretary of the Ministry of Industry and Trade (MIC), Jorge Jairoce, during the first Energy and Industry Summit of Mozambique. Quoted by the newspaper...
Australian company Syrah Resources said last Friday (17) it had resumed connections to its graphite mine in Balama, in Cabo Delgado province. Last week, Syrah halted travel to and from its operations in the area after a second attack by insurgents in Ancuabe. This attack took place...
Cashew nut production in Mozambique took a giant leap last year. According to the National Institute of Almonds and Oilseeds, the cashew sub-sector grew by 14% compared to the previous year and the producing families had an overall income of 89 million dollars. Overall, the institution refers...
The Australian company that operates the graphite mine in Balama in Cabo Delgado province has suspended all travel to and from its operations in the area after a second insurgent attack in Ancuabe. Shares in the company Syrah Resources immediately fell 15%. Another Australian company with a mining project...
The mining company, Altona, presented its shareholders with the preliminary results of the second phase of research into rare earth elements (REE) at Mount Muambe, in Tete province, one of its most ambitious projects. The second phase of exploration started at the end of April this year, with a drilling plan of 1200 meters,...
Mozambique must make use of its considerable gas resources to boost local industries - this was the theme highlighted by Keith Webb, Head of Midstream and Infrastructure at Rand Merchant Bank (RMB), sister company of FNB Mozambique, at the 8th Mozambique Mining, Oil & Gas and Energy Conference. ... O...
The government intends to change the current scenario for Mozambique to go from a country that exports unprocessed goods to a seller of products with added value in the international market. To this end, the Executive, through the National Industrialize Mozambique Program (PRONAI), is attracting investment for projects in different areas, with emphasis on agro-processing and industrial transformation...
The Minister of Economy and Finance, Max Tonela, today defended transparency in the exploitation of natural resources aimed at promoting social and economic development of the country. "The exploration of this potential should be done in a transparent way so that its benefits contribute, in the first place, to the elevation of the life of Mozambicans, today and tomorrow,"...
The Association of Surveyors and Land Administrators in Mozambique defends the age of mapping the areas prone to the occurrence of mineral resources as a way to combat illegal exploitation of resources without the knowledge of the authorities. The president of the association, José Matola, considers crucial the involvement of topographers in the work already developed by the Government...