Browsing: Metals & Minerals

Extractives A steel mill built by the Metallurgical Corporation of China (MCC) in Guangdong Province. Photo © MCC
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Baobab Resources is looking to sell a majority stake in its planned iron and steel production facility in Tete province to a Chinese partner to help finance the $1 billion project that it says  should kick-start industrial development in Mozambique. [...]

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Extractives An aerial view of Kenmare's Moma mine. Photo: Kenmare Resources
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Irish miner Kenmare Resources is reportedly facing a new dispute with locals near its Moma sand mine in northern Mozambique, which could delay expansion of project just as the market for titanium feedstock is beginning to recover.

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Extractives The Moma heavy sands mine. Photo via www.kenmareresources.com
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Kenmare Resources, the owner of the Moma heavy sands mine in northern Mozambique, has hit its fundraising target of $275 million – allowing it to proceed with a capital restructure and to offer more shares in the company on the open market. [...]

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Extractives The Moma project at night. Photo: Kenmare Resources
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Kenmare Resources, the Irish owner of the Moma heavy sands mine on the coast of Mozambique’s Nampula province, is close to completing a restructure of its capital and debt after its lenders and three of its biggest shareholders approved the plan. [...]

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Extractives Triton Minerals' project at Balama. Photo: Triton Minerals
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The administrators of a graphite mining company that claims to be sitting on the world’s largest flake graphite reserve in the northern Mozambique province of Cabo Delgado have set a deadline of Thursday 12 May for potential investors to express an [...]

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