Browsing: Metals & Minerals

Extractives The Moma project at night. Photo: Kenmare Resources
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Heavy sands miner Kenmare has reported increased production at its mine in northern Mozambique in the first six months of 2017, thanks to higher prices supported by a recovery in global demand and supply constraints at other producers.

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Transport Grindrod Terminals CEO Graham Braby at Matola Coal Terminal, 6 July 2017. Photo © Tom Bowker / Zitamar News
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Shipping facilities in Maputo could compete with South Africa’s Richards Bay following an upgrade to the Matola Coal Terminal (Terminal de Carvão da Matola, TCM), according to its management company. The upgrade at the [...]

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Extractives Gemfields' Mozambican rubies with Zambian emeralds. Photo: Gemfields
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The battle for control of the owner of Mozambique’s Montepuez ruby mine appears to be over with Pallinghurst Resources set to complete a £211 million ($269m) takeover. London-listed Gemfields has resisted the hostile move from the South African investor since it was first tabled last month, [...]

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Business A model wearing Gemfields' rubies. Photo: Gemfields
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The bidding war for the London-listed company that operates the Montepuez ruby mine in northern Mozambique has intensified after South African private equity investor Pallinghurst Resources fought to see off a late bid from Chinese conglomerate Fosun. [...]

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