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%,...
Category: Industry
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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...
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Mozambique: Rio Tinto to pay 28 million fine for hiding losses from coal investment
Mining giant Rio Tinto has agreed to pay $28 million to a US court to end a fraud case in Mozambique. It was accused of hiding losses from its coal investment. According to the specialized press, which cites the decision of the Manhattan federal court on the lawsuit brought by the SEC,...
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Eleven product quality control laboratories installed
At least eleven laboratories for checking the quality of food and seeds have been set up in Mozambique to "guarantee" that products reach the market without contaminants that endanger public health. The information was released this Monday on the sidelines of the first National Quality Conference, organized by the Ministry of Industry and Trade, through the...
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Poultry sector guarantees availability of chickens for the festive season
The Mozambican Poultry Industry Association (AMIA) says it has a sufficient stock of chickens and eggs for the upcoming festive season. Even in the face of the avian influenza outbreak in South Africa and the associated restrictions, "we are confident in our ability to ensure the supply of chickens and eggs during...
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Mineral resource explorers may lose licenses for idleness in Niassa
Holders of Prospecting and Research Licenses for Mineral Resources in Niassa are at risk of losing their licenses due to inactivity and encouragement of illegal mining. For the time being, there are more than 40 companies in an idle situation, and they hold licenses in the districts of Marrupa, Lago and Sanga. Since they obtained their licenses...
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Indian mining company wants to invest more than 150 M$ to double coal production in Mozambique
The Indian group ICVL plans to invest more than 150 million dollars to double coal production in the concessions it holds in Mozambique to four million tons. Quoted by the Indian press and Lusa, Amarendru Prakash, chairman of the board of SAIL, one of the Indian state-owned companies in this consortium, said that the...
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Government hires French company to monitor mineral quantities and prices
The Mozambican government announced on Monday that the French company SGS has won the international tender to control the quantities, prices and specifications of minerals extracted and exported from Mozambique. "The company will ensure the verification of specifications, prices and quantities of mining products," said the Deputy Minister of Economy and Finance, Amílcar Tivane,...
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Manufacturing industry: Export revenues up 15.6% in the 2nd quarter
The manufacturing industry recorded an increase of 15.6% in the second quarter of this year, compared to the previous period, rising from 321.4 million to 371.8 million dollars, according to a report by the Bank of Mozambique. The data contained in the monthly report recently released by the Bank of Mozambique (BM), and quoted by the Profile portal, indicates...
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Pebane sand extraction starts next week
Trials for the extraction and processing of heavy sands in the Pebane district of Zambézia province will begin next week. Sources from the mining company TZM Resources, S.A., the concessionaire for the project, do not give an exact date for the start, but assure "Notícias" that all the machines are already in place. According to the same sources, the...