Browsing: Metals & Minerals
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. [...]
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. [...]
London-listed Xtract Resources has decided to sell its gold mining project in Manica, central Mozambique, after receiving an offer 40% higher than what it paid for it earlier this year. The buyer is Australian [...]
A UK-listed mining firm has hired the son of Frelimo founder Eduardo Mondlane to assist it in a long-running dispute over the ownership of two Mozambican concessions, which it claims were illegally seized by a Frelimo general in 2011.
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 [...]
Kenmare Resources has turned to a Chinese chemical trading company to take a $100 million stake in its heavy sands mining operation in Mozambique, Zitamar News has [...]
Bauxite production in the province of Manica is running at around half normal levels due to a drop in demand from the producers’ main customer in Zambia, hitting revenues at one of the Mozambique’s oldest mining operations.