China's industrial production grew by 3.7% in July in annual terms, a figure that represents a slowdown compared to June (4.4%), according to official data released today by the authorities. The figure was below most analysts' forecasts, which expected an increase of around 4.7% compared to the same period in 2022....
The Ministry of Economy and Finance (MEF) has published the first monthly bulletin with the reference prices for the export of mining products to be in force from this month for the deduction of Production Taxes. According to Notícias, the measure aims to combat the under-invoicing of mining products, which annuls the State in...
Australian mining company Syrah Resources announced on Tuesday that in April it produced 15,000 tons of graphite for electric car batteries, which it exports from Cabo Delgado, northern Mozambique, having stopped production the following month due to international stocks. In an activity report for the second quarter, the mining company said that "the operations of...
The Mozambican government is preparing to reform the organic structure of the Tax Administration (AT) in order to force companies operating in the extractive sector to comply with their tax obligations. To this end, the executive should soon announce a "risk management commission" with a view to starting the reforms. A report by the Fund...
The government wants to review mining legislation by the end of this year. The measure aims to prevent national mining products from continuing to be exported raw. "Almost all of our mining projects export raw products and that's what we want to change," said Silvino Moreno, Minister of Industry...
The Mozambican authorities consider that "half of the exports that take place in Mozambique come from mining, but this number of exports is not reflected in the taxes, which are very low". The Executive's conclusion is contained in the summary of a meeting that members of the government recently held with representatives of companies in the mining sector, demanding that...
The world's oil and gas companies should set targets for reducing greenhouse gas emissions by 2030 at the upcoming COP28 world climate conference, the CEO of French company TotalEnergies, Patrick Pouyanne, said on Wednesday. "If we can bring something to COP28 as an oil industry and...
South African billionaire Elon Musk has reportedly signed a contract to buy graphite from Balama, in the province of Cabo Delgado, in northern Mozambique. He intends to use the ore to produce batteries for Tesla's electric cars. But he's not stopping there and is engaging in high-level talks with...
Oxfam, a Mozambican non-governmental organization, says that weak legislation on the extractive industry has led companies in the sector to avoid paying the Mozambican state more than 300 million dollars in 2021. According to Oxfam's Tax Policy Advisor in Mozambique, Henrique Machado, the tax regulations surrounding...
The Minister of Mineral Resources and Energy (MIREME), Carlos Zacarias, inaugurated the first commercial warehouse where the Kimberley, Precious Metals and Gems Process Management Unit operates in the city of Chimoio, Manica province, on Monday (03). The country also plans to set up more certification centers for precious stones, diamonds and gems to...