Browsing: Plantations

Agriculture The Xinavane sugar refinery. Photo: Tongaat Hulett
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South African sugar producer Tongaat Hulett, which operates two sugar plantations in Mozambique, is entering talks with its creditors after warning investors it made a $90 million loss over the last year - a drastic turnaround from the $44 million profit the company made the year [...]

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Business Photo © Obtala
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Forestry and agriculture company Obtala - soon to change its name to Woodbois - has decided to hold on to Mozambican forestry concessions but is looking to hand over its Tanzanian agriculture business to a more “patient” investor.

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Business Chanfuta timber, one of the woods whose export has been restricted. Photo: Obtala
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The chairman of forestry company Obtala spent more than $14 million last week buying shares in the company’s forestry subsidiary, less than two weeks after the company suggested Obtala could abandon its Mozambique forestry concessions which are proving “a [...]

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Business Photo © Obtala
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Forestry company Green Resources, which is growing around 15,000 hectares of pine and eucalyptus in northern Mozambique, is hoping to use its timber to make electricity transmission poles for state utility EDM, replacing the import of thousands of poles from [...]

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Plantations Left: Celso Correia, minister of land, environment, and rural development. Right: Wood produced on Obtala's concessions in Mozambique.
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A private company owned by Mozambique’s Ministry of Land, Environment, and Rural Development (MITADER) is setting up a timber processing joint venture with an international company to process and export timber from small forestry concessions in northern [...]

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