Extractives
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South Africa to continue Mozambique gas pipeline talks in March

South Africa’s energy minister will visit Mozambique in March to discuss the possibility of building a giant pipeline to import Rovuma Basin gas into South Africa. “We are talking. We will have a bilateral [meeting] sometime in March with the minister of energy in Mozambique,” Jeff Radebe [...]

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Politics & Economy
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Chang extradition decision still with SA courts, government spokesman says

A final decision on whether to send former Mozambican finance minister to Mozambique or the United States “will be made once the court process has run its course,” South Africa’s Ministry of Justice said today, after the South African foreign minister said a decision had already been taken to [...]

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Business
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Exxon buys prime Maputo plot in near-$50 million deal

ExxonMobil has bought the rights to a 12 hectare plot of land in Maputo, capital of Mozambique, from state telecoms operator TMCEL, Zitamar News has learned. The US oil giant has paid $47 million for the plot in Sommerschield, neighbouring the Eduardo Mondlane University campus, [...]

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Infrastructure
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Transmission line financing taking shape for $1.2 billion Temane power project

A final investment decision (FID) on Sasol’s 400 MW gas-fired power plant in Inhambane province, and an associated transmission line to Maputo - initially slated for 2018 - is still likely to be at least 18 months away. The integrated development plan for the Central Termica de Temane (CTT) [...]

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Development
Heavy Industry
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Frelimo holding company sells cement plant stake in $85m deal

A Singaporean company has agreed to pay $85 million for a majority  stake in a cement plant near Maputo which until last month was 99% owned by a company described as “the financial arm” of Mozambique’s ruling party, Frelimo. The cement plant project at [...]

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