The revenues derived from the exploitation of natural resources, which the Mozambican state intends to control and manage through a transitory account domiciled at the Bank of Mozambique, called the Sovereign Fund, have already begun to revert to the country. According to the daily newspaper Notícias, this year alone, 7.285.74 million euros were transferred to the Sovereign Fund's transitory account...
Portuguese energy multinational Galp, which recently concluded the divestment of Area 4, in the Rovuma basin, Cabo Delgado province, northern Mozambique, says that the decision is part of its strategy to focus on high return, low cost and low carbon intensity projects. According to Galp's CEO, Filipe Silva, who...
China has announced the end of restrictions on foreign capital in areas such as health and manufacturing to combat the decline in foreign investment and breathe new life into the economy. The list of sectors where China does not allow foreign investment has once again been shortened. This Sunday (08), Beijing...
Vietnam could increase the volume of coal imports from Mozambique to feed its industry, especially for the production of electricity. The intention was expressed during a meeting in the capital Hanoi between the management of Vietnam National Coal & Mineral Industries (Vinacomin) and Mozambican President Filipe Nyusi, who...
London-based mining company Gemfields announced yesterday, Thursday (05), that it had raised 2.3 million dollars in an auction of commercial rubies. The stones sold from September 2nd to 4th (Monday to Wednesday) were mined in the Montepuez district, in northern Mozambique, by Montepuez Ruby Mining Limitada (MRM), which owns...
The Indonesian private sector wants to participate in the research, exploration and local transformation of strategic minerals in Mozambique, adding value to them before they are placed on the international market. The information was shared on Wednesday (04) by the National Director of Geology and Mining, Luísa Maocha, as she left one of the sessions that marked the last day of the II Forum...
Between December 2023 and August 2024, Montepuez Ruby Mining (MRM) reached the milestone of three million hours without a Lost Time Injury (LTI), which refers to any injury suffered by an employee that results in a loss of productive working time. According to MRM, quoted...
The Director of Research and Production at the National Hydrocarbons Company (ENH), Rudêncio Morais, predicted on Tuesday (03) that natural gas production in the Búzi basin, in the central province of Sofala, could begin in 2026, once the customer has already been secured. The product will also be used to feed the Sofala thermoelectric plant,...
Mozambique has open doors to export three more agricultural products to the Chinese market, namely macadamia nuts, cowpeas and cashew nuts, under an agreement signed today, Tuesday (03), in Beijing. According to a report in the newspaper Domingo, the agreement was initialed as part of the visit by the President of the Republic, Filipe Nyusi, to...
Mota-Engil announced today that it has increased its order book in the Mozambican market by 576 million dollars following the amendment and extension of the mining contract in Moatize, Tete province. "Continuing the services provided within the scope of the mining project at the Moatize Mine, located in the town of Moatize, Tete, Mota-Engil...