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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.  

Planned developments to improve competitiveness of Moz coal project – Vale

By: Keith Campbell     9th September 2016 Brazilian mining major Vale believes that the conclusion of the project finance for the Nacala Logistics Corridor in Mozambique and Malawi will be an important step in increasing the competitiveness of its Mozambican coal operation. This was affirmed by the group’s Investor Relations head André... 

Moz mining sector in tough times, but some good news

By: Keith Campbell     2nd September 2016 The mining sector in Mozambique has been the source of bad news in recent days, largely resulting from the low global commodity prices. These prices have caused three mining companies to cease operations in the northern province of Nampula. This has been confirmed by Provincial Mineral Resources... 

Vale reports reduced costs, losses in Mozambique and rising prices

By: Keith Campbell     12th August 2016 Brazilian major mining group Vale has reported, in its publication Vale’s Performance in 2Q16, that its subsidiary in Mozambique produced negative earnings before interest, taxes, depreciation and amortisation (Ebitda) of $100-million during the second quarter of this year (2Q16). However, this... 

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... 

Ncondezi contractor, financing yet to be finalised

By: Victor Moolman     8th July 2016 Construction of the Ncondezi Power Company (NPC) coal-fired power plant and the Ncondezi coal mine, in the Tete province of Mozambique, is expected to start in the second half of 2017, once power developer Ncondezi Energy has finalised an engineering, procurement and construction contractor 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... 

Potential, risks of Mozambique mining sector outlined

     3rd June 2016 The extractive sector in Mozambique currently represents less than 4% of economic activity in the country but has scope to grow considerably, says international metals and minerals researcher Roskill, which has released its Mozambique African Mining Report (AMR) 2016. 

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,... 

Vale sees subdued coal market this year as its Mozambique expansion commissions

By: Keith Campbell     11th March 2016 Brazilian mining group Vale expects continued reduced demand for metallurgical or coking coal during this year. The company has metallurgical coal operations in Mozambique and Australia. “Demand will most likely remain subdued with additional supply curtailments being the focus of 2016,” it... 

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... 

British, Chinese companies to develop Moz coal mine, power station project

By: Keith Campbell     22nd January 2016 London Stock Exchange AIM-listed company Ncondezi Energy has announced that it has entered into a binding Joint Development Agreement (JDA) with China’s Shanghai Electric Power Company (SEP) to develop the Ncondezi coal mine and thermal power station project in Mozambique, in the province of... 

SA company awarded maintenance contracts on back of Moz coal projects

By: Mia Breytenbach     11th December 2015 Johannesburg-based conveyor maintenance company and supplier African Trading Group has completed the multimillion-rand installation of a conveyor belting system at Brazilian mining major Vale's Moatize 2 expansion project, in Tete province, Mozambique. African Trading Group director LeeAnn... 

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... 

Mozambique stacker accident will not delay coal exports, Vale assures

By: Keith Campbell     14th August 2015 Vale Mozambique, the local subsidiary of major Brazilian mining group has given the assurance that the recent collapse of a coal stacker at the port of Nacala-à-Velha (Nacala) will not interfere with its coal exports from that harbour. The miner has also assured that the collapse of the coal... 

Production up at Vale’s African operations

By: Keith Campbell     7th August 2015 Brazilian miner Vale has confirmed that the start of operations on its new Nacala Corridor railway and port export route for the coal its is mining at Moatize, in Mozambique, will take place within weeks. “We have concluded the greenfield sections of the Nacala Corridor and the port expansion at... 

Mozambique’s new coal export route will start operations soon

By: Keith Campbell     31st July 2015 The new coal export terminal at the port of Nacala-a-Velha in Mozambique’s Nampula province should load its first ship in August. That was reported last week by Corredor Logístico de Nacala (CLN – Nacala Logistics Corridor) director José Otoni. This represents a delay of eight months in... 

CIL shifts overseas funding to domestic markets

By: Ajoy K Das     28th July 2015 Following its withdrawal from Mozambique, Coal India Limited (CIL), with a reduced appetite for overseas acquisitions, was planning to redeploy its funding towards domestic capacity. According to a senior CIL official, the experience in Mozambique had revealed the high risks involved in... 

Moz coal and agriculture offer significant opportunity for local companies

     10th July 2015 The discovery of an estimated 23-billions tons of coal in Mozambique has attracted a lot of foreign investors and presents a great opportunity for South African firms, said Tete province First Secretary Lina Portugal at a trade and investment seminar held as part of the Department of Trade and... 

Mozambique seeks to facilitate miners great and small

By: Keith Campbell     26th June 2015 Mozambican President Filipe Nyusi has urged the country’s informal miners to organise themselves into associations, to help them overcome the difficulties they face. He was addressing informal miners at Montepuez in Cabo Delgado province in the north of the country. Associations would also reduce... 

Project work worth $200bn to be available in Moz coal sector in next 20 years 

By: Ilan Solomons     26th June 2015 Engineering design and project management consultancy company RSV ENCO Consulting strategic development executive Rowan Karstel says significant opportunities exist for companies to profit from Mozambique’s resource sector. “The province of Tete alone has inferred total coal reserves of about... 

Coupling specialist awarded spares contract

By: Pimani Baloyi     5th June 2015 The South African wing of Germany-headquartered couplings manufacturer Voith has been awarded a contract to provide repair work and spares for a major coal operation in Tete, Mozambique. Voith regional sales manager for Africa Hans Voshol explains that the contract follows the company’s supply... 

CIL to dump Mozambique investment only after government nod

By: Ajoy K Das     25th May 2015 A final decision on producer Coal India Limited (CIL) aborting its Mozambique investments will only be taken in September or October, after the impact on diplomatic and economic bilateral relations between the two countries has been assessed. According to government officials, CIL’s "unofficial"... 

Mozambique plans more infrastructure to benefit coal miners and others

By: Keith Campbell     17th April 2015 The Mozambican government has confirmed its plan to construct a new port and railway for the export of coal from the Moatize coal basin in the inland Tete province. This was done by Prime Minister Carlos Agostinho do Rosario when he presented the government’s programme for the five years... 

Difficult-to-understand Moz coal geology resulting in lost opportunities

By: Anine Kilian     27th March 2015 The coal geology of deposits in Mozambique were more difficult to understand than those of the Waterberg Coalfield in South Africa, independent consulting geologist Gerhard Esterhuizen said at a Fossil Fuel Foundation conference earlier this month, which focussed on solid fossil fuels in Southern... 

Indian group recommits to Mozambique as Irish miner restructures

By: Keith Campbell     13th March 2015 Private-sector Indian group Jindal will remain in Mozambique, even though the international price of coal has fallen significantly. This assurance has been given by Jindal Africa Director General Chandra Singh. “It is good that there is an awareness of the difficulties through which the... 

Vale reports increased production in Mozambique while Tata Steel decides to leave

By: Keith Campbell     27th February 2015 Brazilian mining major Vale has reported its Moatize coal mine in Mozambique set a new production record last year. This was revealed in the group’s recently published 2014 and 4Q14 Production Report. It also set a new record for quarterly production during the fourth quarter (4Q). It further... 

Mozambique assures miners about transport, while Indian company posts poor results

By: Keith Campbell     20th February 2015 The Mozambican government is creating the framework which will allow mining companies to transport their coal from the Moatize basin in the province of Tete to the coast. This assurance was given last week by Transport and Communications Minister Carlos Mesquita. He was responding to complaints... 

Indian company mulls major developments at its Mozambique mine 

By: Keith Campbell     6th February 2015 Indian State-owned company International Coal Ventures Limited (ICVL) is to invest some $1.9-billion in Mozambique. This has been revealed by ICVL Mozambique Director General Nirmal Chandra Jha to The Indian Express newspaper. The company now owns 65% of the Benga coal operation, and 100% of the... 

Mozambique coal sector sees disruptions, deals and bankruptcy

By: Keith Campbell     23rd January 2015 Railway traffic on Mozambique’s Sena line, used to convey coal (along with other cargo and passengers) mined in the Moatize basin in Tete province to the port city of Beira for export, was disrupted from the morning of January 7 to January 11, as a result of torrential rains. This was reported by... 

Beacon Hill offer aimed at rapid development of Moz mine, reducing shareholder dilution

By: Chantelle Kotze     16th January 2015 Aim-listed Beacon Hill Resources is proposing an up to €5-million open offer focused on reducing the dilutive impact of its restructuring on existing shareholders and to rapidly develop its flagship Minas Moatize coking coal mine, in Tete province, Mozambique, into a profitable Tier 1 cash cost... 

Insolvent coal junior Beacon Hill goes into administration

By: Martin Creamer     13th January 2015 London Aim-listed coal-mine developer Beacon Hill Resources, which is in default on interest payments, was placed into administration on Tuesday. Owing to its “significant liabilities”, shareholders of the company are not expected to receive any proceeds from the administration process, which... 

Financially stricken Beacon Hill top-brass out of reach

By: Martin Creamer     8th January 2015 The top-brass of the financially stricken coal-mining company Beacon Hill, which has told the London Stock Exchange its working capital will run out by the middle of this month, are proving inaccessible. The Aim-listed company, which operates the opencast Minas Moatize coking coal operation in... 

Another Indian miner set to start coal production in Mozambique

By: Keith Campbell     12th December 2014 Indian State-owned miner Coal India is to soon start mining in Mozambique, The Economic Times newspaper has reported from Kolkata (Calcutta). Although the company is a partner in another Indian miner, International Coal Ventures Limited (ICVL), which now owns and operates the Benga mine in... 

Cashing in on Africa’s infrastructure gap

By: Mariaan Webb     12th December 2014 With billions set to be spent on infrastructure in Africa over the next several decades, a new opportunity to support mining operations and concentrator plants, which is outside its traditional focus area, is emerging for DRA Infrastructure. 

Beacon Hill aims to reduce restructuring impact on shareholders, speed up Minas Moatize development

By: Chantelle Kotze     9th December 2014 Aim-listed Beacon Hill Resources is proposing an up to €5-million open offer focused on reducing the dilutive impact of its restructuring on existing shareholders and to rapidly develop its Minas Moatize coking coal mine, in Tete province, Mozambique, into a profitable Tier 1 cash cost producer. 

Indian miner plans Mozambique power station as study into network is almost complete

By: Keith Campbell     28th November 2014 Indian company International Coal Ventures Limited (ICVL) has despatched its first shipment of coal from its recently acquired Benga mine in Mozambique to India. This shipment was composed of metallurgical or coking coal and was sent to the Steel Authority of India (SAIL). This was revealed to... 

Vale to dispose of parts of its Mozambique coal and infrastructure projects

By: Keith Campbell     14th November 2014 Brazilian major mining group Vale has revealed that it will, in the near future, announce the sale of a share in its Moatize coal operation in Mozambique. This was stated by group CEO Murilo Ferreira in a recent teleconference about Vale’s financial performance during the third quarter (3Q14).... 

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