Tuesday, October 17, 2017

Thai petroleum firm ready to export Rovuma gas

Thailand state-owned petroleum company - PTT Group has intends to buy 2.6 million tonnes of natural gas per year from Rovuma basin. US group Anadarko...

Bauxite exploration in Guinea-Bissau depends on political stability

Angola is waiting for political stability in Guinea-Bissau in order to resume cooperation projects, particularly for exploration of bauxite deposits, said the Angolan ambassador...

ENI East Africa hires RINA Services to ensure quality of platform in Mozambique

ENI East Africa has hired Italian company RINA Services to certify the quality of the design and production of the underwater structures and equipment...

Companies conduct seismic surveys in two provinces of Mozambique

Seismic survey operations to establish the existence of hydrocarbons in commercially-viable quantities are due to begin next week on the coast of Zambezia and...

Mota-Engil Group awarded contracts in Mozambique by Vale

Brazilian group Vale has awarded Mota-Engil Africa, a subsidiary of Portuguese group Mota-Engil, a contract for the supply of mining services worth US$445 million,...

US$500m target set for renewable energy projects

Government has floated a portfolio of small renewable energy projects to foreign investors. The Ministry of Mineral Resources and Energy said it hopes to attract...

Pathfinder raises equity, amid on-going licence talks

London Stock Exchange listed Pathfinder Minerals PLC has raised GBP212,500 from its recent placing of 28.3 million shares. The funds from the issue will provide...

Syrah raise working capital for Balama

Graphite developer Syrah Resources has announced intentions to raise A$110-million through a share placement to fund development of Balama project. The company said the funds...

Cobadale sells ruby assets to Fura Gems

Fura Gems formerly known as Fura Emeralds has acquired a stake in Cobadale Ltd, which has majority interests in four ruby licences in Montepuez. Once...

Incentives to Mozal bleed government coffers

Mozal continues to benefit from large tax incentives in corporate income tax (IRPC), value added tax (VAT) and royalties. Analysts have however called for review...