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Mozambique to set up independent fund to invest mineral sales income

By: Reuters     22nd August 2017 Mozambique's government plans to set up a sovereign investment fund where taxes paid on sales of the country's minerals will be used to finance development projects, State-run AIM news agency said on Monday quoting the finance minister. Minister of Economy and Finance Adriano Maleiane said the... 

Moz benefiting from mining-sector exports, coal now dominant mineral

By: Keith Campbell     30th June 2017 Montepuez Ruby Mining (Montepuez) has announced that it achieved revenues of $54.8-million from its latest ruby auction, in Singapore. Montepuez mines rubies and corundum in the Montepuez district of Mozambique’s Cabo Delgado province. The company is 75%-owned by UK enterprise Gemfields and 25%-... 

Contract underpins ‘ongoing commitment’ to developing services

     9th June 2017 Integrated logistical solutions provider Grindrod Mauritius believes it is well positioned to assist with logistics services for the Balama graphite project, in Mozambique, owing to its long operational history in the country with regard to land transport coordination, agency services and port... 

Emerging gas market drives Mozambique expansion

By: Nadine James     9th June 2017 The emerging gas market is one of the main factors driving gases and welding products supplier African Oxygen’s (Afrox’s) decision to expand its existing Mozambique operations. The company’s Mozambique strategy is being driven from its new 8 600 m2 headquarters, which will feature  a sales... 

Major Transnet Freight Rail mineral mining, chrome maintenance shut

By: Martin Creamer     5th June 2017 Transnet Freight Rail will embark on a seven-day shutdown in the Mineral Mining & Chrome (MMC) area of operation from June 5 to 11. This year’s affected areas include Witbank, Nelspruit, Koedoespoort, Swaziland, Maputo, Empangeni and other lines tapping into Transnet Port Terminals and Transnet... 

Strong outlook for recovering ferrochrome industry – Merafe

By: Martin Creamer     31st March 2017 Ferrochrome and chrome ore prices recovered from rock bottom in the first quarter of last year to levels twice and four times higher in 2017, a year in which a shortage of electricity supply has ceased to be a constraining factor, ferrochrome company Merafe reports. Despite market volatility in... 

Strong outlook for recovering ferrochrome industry – Merafe

By: Martin Creamer     8th March 2017 Ferrochrome and chrome ore prices recovered from rock bottom in the first quarter of last year to levels twice and four times higher respectively in 2017, a year in which a shortage of electricity supply has ceased to be a constraining factor, ferrochrome company Merafe reports. Despite market... 

Right conditions will unlock shared value for all South Africans – South32

By: Martin Creamer     6th February 2017 The right conditions will enable mining companies to deliver inclusive growth and meet the expectations of stakeholders, as well as deliver superior returns to shareholders, South32 president and COO Africa Mike Fraser said on Monday. In delivering a forceful address at the Investing in African... 

Mozambique projects in sights of tax and regulatory authorities at home and abroad

By: Keith Campbell     9th December 2016 Mozambique’s Tax Authority is monitoring the natural resources sector to ensure it collects the capital gains taxes due to it. This was affirmed by Tax Authority President Amélia Nakhare late last month. She was addressing a promotion ceremony for tax officials, at Boane in Maputo province.  

Continental vision identifies mining’s role in transforming economies

By: David Oliveira     21st October 2016 The need to diversify Africa’s primary-resource export-focused economies in support of other industry-related value chains is key to helping transform the continent’s economy and generate greater wealth from its significant minerals endowment. At this year’s Joburg Indaba, which took place... 

Continental vision identifies mining’s role in transforming economies

By: David Oliveira     21st October 2016 The need to diversify Africa’s primary resource export-focused economies in support of other industry-related value chains is key to helping transform the continent’s economy and generate greater wealth from its significant mineral endowment. At this year’s Joburg Indaba, which took place earlier... 

Merafe ferrochrome output rising in higher price environment

By: Martin Creamer     12th October 2016 The attributable ferrochrome production of Merafe is on the rise, with the black-controlled JSE-listed company reporting upped output primarily on additional production from the low-energy Project Lion II furnaces of the Glencore Merafe Chrome Venture. South Africa’s 300 000-member Bafokeng... 

Precious and ornamental stones in the limelight in Moz, Angola

By: Keith Campbell     16th September 2016 Mozambican miner Montepuez Ruby Mining Limitada (MRM) has been recognised as the country’s second biggest exporter in the mining sector last year, and as the largest exporter from the northern province of Cabo Delgado, where its mine is located. These recognitions have been made by the Export... 

Konecranes

     26th August 2016 Konecranes, a world-leading manufacturer of cranes and hoists operating in 54 countries, provides productivity-enhancing lifting solutions. Established in Finland in 1933, the company supplies a wide range of cranes and hoists for manufacturing and process industries, shipyards, ports and... 

Mozambique reports unquantified diamond discovery

By: Keith Campbell     22nd July 2016 In Mozambique, the National Director of Mines last week confirmed that diamonds had been discovered in the Massangena district of the Gaza province. Talking to the Maputo newspaper Notícias, he refused to say how many diamonds had so far been found, but stated that exploration and prospecting... 

Botswana’s uranium, coal reserves could breathe new life into mining sector

By: Nadine James     8th July 2016 Africa’s impending infrastructure boom, in conjunction with the persistent need for reliable power supply, indicates that Botswana’s coal and uranium reserves could provide new opportunities in terms of exploration, beneficiation and mineral exports, according to the Botswana Chamber of Mines... 

Mozambique mining to benefit from infrastructure developments

By: Keith Campbell     8th July 2016 Encouraging news for the Chibuto heavy minerals sands project in Mozambique is that three companies are, it has been reported, interested in developing the Chongoene Logistics Corridor, without which Chibuto will not be viable on an sustained basis. The information was revealed by Transport and... 

Shanghai, Ncondezi sign shareholders agreement for Moz power plant

By: Natasha Odendaal     7th July 2016 Chinese energy company Shanghai Electric Power (SEP) and Ncondezi Energy this week signed a shareholders agreement term-sheet in Maputo, Mozambique, marking a significant step towards the completion of the joint development agreement for the planned 300 MW Ncondezi coal-fired power project, in... 

Mozambique’s new Nacala coal line already in line for upgrade

By: Keith Campbell     17th June 2016 In Mozambique, the coal transport capacity of the new Nacala Corridor railway route, from the inland Moatize coal field to the port city of Nacala-a-Velha, will be increased with a $3-billion investment in the near future. This was reported last week by Mozambican Cabinet spokesperson Mouzinho... 

Maputo conference highlights potential for growth

     3rd June 2016 Despite the subdued mining situation in Mozambique there is a lot of room for growth across mining, oil and gas, and energy, but public and private entities need to work together to advance the strategy. This was the overall message conveyed at the fifth biennial Mozambique Mining, Oil & Gas and... 

Moz coal sector under strain as country looks to cooperation with Botswana

By: Keith Campbell     3rd June 2016 It is reported from Mozambique that three of the companies producing coal in that country have stopped, or significantly scaled back, their mining activities. According to the Maputo daily Notícias that are the Indian groups International Coal Ventures Limited (ICVL) and Jindal Africa, and... 

Mozambique seeks to handle commodity price falls and secret debt crisis

By: Keith Campbell     27th May 2016 A Mozambican government minister has called on mining companies working in the country to focus on the future as it battles though the current economic downturn. Justice Minister Isaque Chande urged them to plan and execute structural measures to secure their investments. He was speaking at a... 

Another Mozambique coal railway project develops, while country is hit by debt scandal 

By: Keith Campbell     6th May 2016 The international tender for the construction of a new railway to link Mozambique’s coal fields to the coast closed at the end of last week. The project is being developed by Thai Moçambique Logística, a joint venture between Thailand-based Italian Thai Development Company, which has a 60% share,... 

Maputo seeks capital gains taxes from mining majors

By: Keith Campbell     22nd April 2016 Mozambique’s Tax Authority has confirmed that it is holding negotiations with Vale Mozambique, the local subsidiary of major Brazilian mining group Vale, on the payment of capital gains tax. Vale Mozambique is one of a number of major companies with whom the Tax Authority is currently having such... 

Mozambique coal miners’ power station projects making ‘visible progress’

By: Keith Campbell     25th March 2016 One of the international companies that has developed coal mines in Mozambique’s Tete province, India’s Jindal Africa, a subsidiary of Jindal Steel and Power, has advertised in the Maputo newspaper Notícias for a consultant to serve as a project manager for its planned power plant at its Chirodzi... 

Mozambique mineral sands JV progressing

     11th March 2016 Aim-listed diversified miner Savannah Resources remains optimistic about finalising its joint venture (JV) with diversified mining major Rio Tinto, says CEO David Archer, noting that, “Savannah’s plan over the coming year is to conduct further resource drilling and complete a scoping study to... 

Outward African image needs changing to court foreign investment

By: Henry Lazenby     8th March 2016 Africa has a negative outward image, partly owing to the ignorance of outsiders, but mainly owing to a lack of cohesive strategies to tell the positive news about the continent. Speaking during a panel hosted by MineAfrica and the Canada-Southern Africa Chamber of Business, which explored... 

Strike over bonuses hits Vale’s Mozambique operations

By: Keith Campbell     26th February 2016 Some 1 400 employees of Vale Mozambique, the subsidiary of Brazilian mining major Vale operating in the south east African country, went on strike last week over bonus payments, the Mozambican news agency AIM reported. The issue was a decision by the parent group not to pay profit-sharing... 

Konecranes – 106 years on

     2nd February 2016 Konecranes, today one of the top crane and hoist companies in the world, started off from humble beginnings in an old stable in the suburbs of Helsinki, Finland, in 1910. The history of the company is a rich and varied one, with the company growing into a major player in the world’s crane... 

Mozambique has low tax intake from mining, high-quality graphite deposit unveiled

By: Keith Campbell     27th November 2015 Although the Mozambican government has given fiscal incentives to multinational mining and hydrocarbons to encourage foreign investment in the country, its Prime Minister, Carlos Agostinho do Rosário, has recently expressed concern about the minor contribution the natural resources sector makes... 

Sasol moves ahead with planning to explore new Moz gas blocks

By: Dylan Stewart     27th November 2015 Petrochemicals giant Sasol is gearing up to exploit its successful bids in Mozambique while the exploration and production concession contract (EPCC) is finalised. 

Mozambique’s coal sector still embattled, but bottlenecks should soon go

By: Keith Campbell     16th October 2015 Although Mozambique is an established producer of heavy mineral sands and high-quality rubies and, although important high-quality graphite projects will soon start operation and gold is likely to be added to the country’s mining portfolio in the near future, it cannot be doubted that the mining... 

Mozambique’s coal sector still embattled, but bottlenecks should soon go

By: Keith Campbell     16th October 2015 Although Mozambique is an established producer of heavy mineral sands, of high quality rubies, and although important high quality graphite projects will soon start operation and gold is likely to be added to the country’s mining portfolio in the near future, it cannot be doubted that the mining... 

Searching for coal and explanations in Mozambique

By: Keith Campbell     11th September 2015 In Mozambique, the Provincial Director for Mineral Resources and Energy in Manica province, Olavo Deniasse, has reported that specialists from a Japanese mining company have been prospecting for coal in the province's Mossurize district. He did not identify the company. He told the Noticias... 

Servitrade, an AMECO company, contributes to Mozambique’s development by training local citizens.

     29th July 2015 ServiTrade, headquartered in Maputo, provides fleet services, construction equipment, tools, site services and asset management solutions across multiple industries and government agencies across Mozambique.  Acquired by AMECO, a wholly owned subsidiary of Fluor Corporation, in 2012, ServiTrade... 

Mpumalanga natural wonders’ Scottish connection

By: Jade Davenport     17th July 2015 If you have ever driven along the majestic Panorama Route, on the edge of the Drakensberg Escarpment, in Mpumulanga, you will have noticed that the natural wonders that line the route bear the most curious of names. Indeed, tourist hot spots such as MacMac Falls, Bourkes Luck and Lisbon Falls... 

African mining investment low, but infrastructure, consumer market boom could help

By: Dylan Stewart     10th July 2015 Owing to the slump in the commodities market, there has been restricted growth in mining worldwide, including in Africa, with mines consolidating their existing assets rather than expanding, says multinational services firm EY mining and metals sector leader Wickus Botha. 

Briefing focuses on foreign investor laws

     5th June 2015 New laws pertaining to foreign companies working in Mozambique and new requirements for doing business in the country were discussed at the Gas & Petroleum and Mining Law Mozambique business briefing held in Maputo on April 21. Event organiser African Influence Exchange (AIE) states that the... 

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