The President of the Republic, Filipe Nyusi, inaugurated, early Friday afternoon, an electricity grid system, budgeted 92 million meticals, in the administrative post of Ncumpe, in Cabo Delgado province. The president highlighted the government's commitment to bring electric power to all in the ambition to endow the country with the necessary conditions...
Renewable sources could account for half of China's energy capacity by 2022
The China Electricity Council (CEC) said that non-fossil energy sources, such as wind, nuclear, solar and hydroelectric, could make up half of its electricity generating capacity later this year. The report said the world's largest greenhouse gas emitter and coal consumer is expected to add 180...
MRM raises USD 643 million from gemstone sales
The mining company Montepuez Ruby Mining (MRM) has raised $643 million from the sale of gemstones mined in Cabo Delgado province, namely rubies, sapphires, emeralds. The amount obtained represents 94% of documented national income from the production of those stones, according to a company statement. The document quoted by Pais Economico mentions that...
China's manufacturing sector slows in January
The Chinese manufacturing industry suffered a slowdown in the first month of the year, according to the Chinese government, but unofficial statistics released by the private digital newspaper Caixin, a reference for investors, even show a contraction. According to Lusa, normally, the official data and those of Caixin, prepared by the British consulting firm IHS Markit, are released...
WB donates USD 300 million for energy and internet access in Mozambique
The World Bank (WB) has approved a US$300 million donation made available by the International Development Association (IDA) to allow greater access to energy and broadband services in rural areas of Mozambique, according to a statement from the institution. The document issued on December 14, 2021 highlights...
Salimo Abdula defends the use of coal as an attraction for the national industrial park
The President of the Business Confederation of the Community of Portuguese Speaking Countries (CPLP), advocates power generation through coal to make Mozambique a huge attractive industrial park. Speaking in an interview to Radio Mozambique, Salimo Abdula believes that Mozambique, as well as other countries of the CPLP are not exploring the maximum...
Vale says it has complied with all resettlement plans for families in Moatize
Brazilian mining company Vale reacted today against the complaints of the Mozambican Bar Association and the Association of Human Rights Network, which warned of alleged "injustices and abuses" in the resettlement process of families affected by the company's activity. According to the mining company, duties were respected in the resettlement of populations living near the...
Industrial sector recovers in the last two quarters of 2021 - INE
The National Statistics Institute (INE) announced that confidence in the industrial and energy and water distribution sector rebounded markedly in the last two quarters of last year, with a margin of two more points in the last three months. INE's data indicate that in the third quarter the sector's balance...
Bar Association considers taking mining company Vale to court
The Mozambican Bar Association (OAM) is considering taking Vale to court, to ensure that the communities evacuated to make way for the Moatize coal project are compensated. "There is always an appropriate procedural means to enforce the rights violated and the Bar Association will act to the extent permitted by law," said the...
Mozambique sets gold production record
The Kimberley Process Management Unit announced today that gold production in Mozambique during the year 2021 was set at 800 kilograms, surpassing the previous year's record of 545 kilograms. The document states that the estimate for last year was 550 kilos, but so far "we are above 800...