Revenues from industrial production in Mozambique reached 31.1 billion meticais (the equivalent of around 486.5 million dollars) in the first three months of this year, compared to 31.8 billion in the same period last year. The figures are included in the Economic and Social Plan and Budget...
Category: Industry
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Mozambican graphite exported to Indonesia
The Balama graphite mine, in Cabo Delgado province, made its debut this year in exporting this ore to an Indonesian battery manufacturer, which bought 10,000 tons, announced the Australian mining company Syrah, quoted by the newspaper Notícias. According to information released to the markets by Syrah, which owns the mine, this was the "first...
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Mozambique Chamber of Commerce advocates more investment in the processing industry
Last Thursday (18) in Nampula, in the north of the country, the President of the Mozambican Chamber of Commerce called on the business sector and various partners to become more dynamic in promoting production and the micro, small and medium processing industry in order to meet the challenges of development. Speaking during the Business Forum, organized...
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Gold production grew by a record 32% last year
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...
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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...
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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...
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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...
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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...
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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...
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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...