Browsing: Metals & Minerals

Extractives A map showing Fura Gems' Montepuez concessions, outlined in black.
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A new Canadian-owned mining company is aiming to join Mozambique’s ‘ruby rush’ in Montepuez, Cabo Delgado province, having bought into mining concessions owned by a leading Frelimo member of parliament, and by a prominent local businessman.

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Infrastructure Photo © CFM
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Mozambique’s state-owned rail and ports company CFM this week signed a deal with the National Railways of Zimbabwe (NRZ) and Zimbabwean state-owned mining company ZIMASCO to transport a million tonnes of ZIMASCO’s chromite and iron ingots to Mozambican [...]

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Extractives Mustang Resources Inaugural Rough Ruby Tender - Port Louis, Mauritius. Photo: Mustang Resources
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Mustang Resources has reported disappointing results from its debut ruby auction featuring gems from Montepuez, northern Mozambique - leading the company to postpone a processing plant upgrade, to focus instead on mining greater quantities of rubies. [...]

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Infrastructure Sovereign Metals' route to Nacala along Vale/Mitsui's rail line.
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A graphite mining project in Malawi has signed a memorandum of understanding to allow it to export its graphite through the Mozambican port of Nacala using rail infrastructure built and operated by Vale and Mitsui.

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Metals & Minerals A map of the disputed concession area.
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UK-listed Pathfinder Minerals is drafting a legal agreement which it hopes will see retired Frelimo general Jacinto Veloso hand over the two mining licenses in Mozambique which the UK company claims he illegally seized in 2011.

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Business Crates of CDM beer piled up in Maputo. Photo © Timothy Haccius / Zitamar News
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Mozambique’s Council of Ministers yesterday approved tweaks to the country’s tax code to promote  domestic industry, including graphite mining, cement production, and beer brewed using local ingredients. The [...]

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