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Maputo
Saturday, March 23, 2019

Puma Energy commissions new fuel terminals

Puma Energy has commissioned new bitumen and fuel terminals in Mozambique, increasing its storage capacity in the country to 275,500 cubic metres, the company...

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...

Mozambique Awards Exxon, Eni Licenses for Exploration

Mozambique’s government awarded six licenses to search for oil and gas and said that exploration work has the potential to drum up about $700...

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...

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...

Mozambique to present projects to India Fund for Africa

The government of Mozambique will start preparing projects for submission to the USD10 billion fund for Africa announced by the government of India, the...

Bank of Mozambique introduces measures to offset devaluation of the metical

The Bank of Mozambique is implementing measures to cushion the effects of the devaluation of the metical in recent months and the expected rise...

Joint Venture to mine Alluvial Gold

The British based company Xtract Resources has entered into a joint venture with Mineral Technologies International to develop an alluvial gold mine in the...

Kenmare’s Moma mine lifts Q3 heavy minerals concentrate output

Mineral sands production from Kenmare Resources’ Moma titanium minerals mine, in Mozambique, continued to increase in the third quarter ended September 30, as the...

Ncondezi extends commercial deal with EDM

The London based company Ncondezi Energy announced recently that it has extended its commercial deal with Mozambique's publicly owned electricity company EDM for the...