The Premium Source of Information in the Mozambican Mining Industry
| Mon, October 24, 2016
  • Gemfields achieves record sales price for lower-quality emeralds

    Twenty-nine companies placed bids in Aim-listed Gemfields’ second auction of production from its 75%-owned Kagem mine, in Zambia, in the current financial year, with 4.45-million carats >Read

  • Mustang raises funds to advance Montequez ruby project

    Mustang Resources is hoping to raise nearly A$6-million through a share placement and converting loan to fast-track its graphite, diamond and ruby assets. The company reported recently that >Read

  • Mozambique Turns to IMF for Emergency Loan as Currency Falls

    Mozambique has turned to the International Monetary Fund for $286 million in emergency aid to help cushion the economy after the currency lost almost a third of its value. The funds are >Read

  • Diversification critical to long-term success in Africa

    There are growing signs of a sharp slowdown in growth across most of Africa. From the oil wells of Nigeria to the copper belt of Zambia the slump in commodity prices, driven by a slowdown >Read

  • China and Mozambique state-owned enterprises form partnership

    China Petroleum Engineering and Construction (CPECC) and ENH Logística (ENHL) of Mozambique have established a partnership to develop oil projects in Mozambique, according to Xinhua News >Read


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Liquefaction of natural gas in Mozambique requires initial investment of US$30 billion
Initial production of liquid natural gas (LNG) in the Rovuma basin is expected to total 20 million tons per year, Mozambique’s Minister of Mineral Resources, Esperança Bias told the

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Port of Lobito in Angola, to start handling mining exports from Democratic Republic of Congo and Zambia
The port of Lobito will start to receive mining ore from Katanga, DRC and Zambia for export, carried through the Benguela railway, the Chief Executive officer, Mr. Anapaz Neto of the

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Angolan government extends diamond mining concession area
The concession area awarded by the Angolan government to mining company Sociedade Mineira do Lulo to mine alluvial diamonds, has been “significantly extended” to 1,500 square

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Angola identifies new areas for mining
New areas with potential for mining have been identified in the Angolan provinces of Huíla, Huambo, Kuando Kubango, Kwanza Norte and Kwanza Sul, the Angolan Minister for Geology and Mining

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Oil production target in Angola difficult to achieve in 2016
Angola is unlikely to produce 2 million barrels of oil per day in 2016, said the office of economic and financial studies of the Portuguese bank BPI, adding that this is “an overly

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Oil production costs in Angola “must fall”
The Director of Total E&P Angola, Jean-Michel Lavergne, warned that if oil exploration costs in Angola did not come down significantly, the country runs the risk of no longer having an

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EU raises funds to repair infrastructure in Mozambique

The European Union (EU) is seeking to raise about 300 million euros to support the recovery of infrastructure in Mozambique, said the European >Read More

Chinese company begins construction of Pemba Logistics Base in Mozambique

The China Harbour Engineering Corporation (CHEC) is due within 30 days to launch the first phase of construction of the Pemba Logistics Base in >Read More

Engineering Design contract for Balama Project awarded CPC Engineering

Perth based CPC Engineering has been awarded a contract by Syrah Resources Ltd for the detailed engineering and design of the Balama Graphite Project >Read More