Browsing: Extractives

Extractives The Balama West pit on Syrah's concession in Cabo Delgado. Photo: Syrah Resources
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30% of Mozambique staff will go as production is cut to a bare minimum Syrah Resources will make 30% of its staff redundant and cut production to the bare minimum at its graphite mine and processing facility in Balama, Cabo Delgado, blaming changing market conditions in its biggest [...]

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Oil & Gas The Rovuma LNG Initial Investment Decision ceremony in Maputo © Zitamar News
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The Mozambique Rovuma Venture, the operator of Area 4, awarded the engineering, procurement and construction contract for its Rovuma LNG project to a joint venture of JGC, Fluor and Technip FMC at a ceremony in Maputo on Tuesday morning. The “initial [...]

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Extractives An aerial photo of the LNG project site at Afungi, Cabo Delgado.
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LNG project company says it is working with government to ascertain why the subsidies it’s paying aren't reaching soldiers Soldiers guarding the LNG project site in insurgency-hit Cabo Delgado have complained they are not receiving 'hardship payments' paid by the oil companies [...]

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Oil & Gas Map of the Area 1 Mozambique LNG project ©Total
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French oil major Total has closed the $3.9 billion acquisition of Anadarko’s 26.5% interest in the Mozambique LNG project in Cabo Delgado and is now officially the operator of the 13 million tonne per annum project. The transaction will bring in around $880 [...]

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Economy Kenmare Resources' Moma mining project -- one of those which benefits from Mozambique's tax treaty with Mauritius. Photo: Kenmare Resources
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Mozambique’s tax authorities are attempting to insert a new clause into the country’s taxation treaty with Mauritius to prevent mining and oil and gas companies from using the African island nation as a way to avoid Mozambican taxes.

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