Extractives
0

Strong vanadium demand draws Chinese investment for Mozambique mining project

New Energy Minerals (NEM) expects Chinese demand for reinforced steel to underpin its vanadium mining project at Cuala in Cabo Delgado, and has secured a $3.6 million investment from a Hong Kong investment group to push the development [...]

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Politics & Economy
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Marromeu to go to polls again after Constitutional Council validates 52 of 53 results

The result of municipal elections in 52 of Mozambique’s 53 municipalities was confirmed by Mozambique’s Constitutional Council today - although the body ordered that part of the election in the town of Marromeu to be re-run.

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Business
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Shoprite to close smaller retail outlets in Mozambique

UPDATE, 15 November 2018, 09:20: Shoprite has confirmed it has closed the Usave store in Dondo, "but no firm decisions have yet been made on the other two Usave branches in the country." South African supermarket chain Shoprite is closing  a number of its smaller retail outlets in [...]

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Infrastructure
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Gunvor’s Nacala play could give it control of regional fuel supply

- Gunvor is paying for the $20 million refurbishment of Nacala fuel terminal, and is negotiating rights to all non-coal capacity on the Nacala rail line, sources say - Traders fear the deal will give the Swiss-based commodities trader control of fuel sales to Mozambique’s [...]

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Development
Heavy Industry