28 C
Maputo
Tuesday, December 11, 2018

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...

Floods reduce Vale Mozambique’s coal production in 2018

Natural disaster in central and northern parts of the country has affected the production capacity of Vale Moçambique’s two mines. The floods have lead to...

Moma achieved record ilmenite production

Moma titanium minerals mine’s production volumes decreased across board in the third quarter, with the exception of ilmenite. The mine developer Kenamare Resources said heavy...

Positive prospects for Mozambique economy

Mozambique’s economic activities are expected to spring to life next year, forecast by business think-tank’s, Economist Intelligence Unit (EIU) has revealed. EIU says Mozambique’ economy...

Cahora Bassa produces more power than forecast

Despite low levels of water in the Zambezi River, the Cahora Bassa dam, in the western province of Tete, generated more electricity than planned...

Mozambique to play larger role in coal export market

Mozambique’s flag has been tagged among the major players in Southern Africa’s domestic and export coal makert. Botswana’s minerals minister said South Africa, Mozambique and...

Drop in oil price leads to redundancies in Angola

The sharp fall in the price of oil has led to the indirect dismissal this year of more than 7,000 workers, especially in the...

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...

Companies sign contracts for oil exploration in Mozambique

The companies that were awarded the 5th public tender for the concession of areas for oil research and production on Monday began to sign...

Botswana, Mozambique to unlock opportunities for private sector

President Ian Khama said Botswana and Mozambique should redouble efforts in accelerating implementation of strategic projects. Addressing his Mozambique counterpart Filipe Jacinto Nyusi in Gaborone,...