The new owner of Vale's Moatize coal mines is taking a hard line against employees and locals protesting against the sale
Browsing: Extractives
The Moatize coal mines' new owners have confirmed industrial action is ongoing — but is not connected to a fire at the project last week
Workers on the coal mines, bought last month by Jindal's Vulcan Resources, have downed tools, demanding payment to ensure they do not lose out in the transaction
TotalEnergies' CEO told investors and analysts last week that he does not foresee a return to Afungi in 2022
Vale's revamp of the Moatize mining operation, combined with higher global prices, led the project to make a $170m profit just as the Brazilian company sells it to India's Jindal group for just $270m
The neighbouring countries have agreed to work together on hydropower plants, telecoms connectivity, and to study the possibility of a gas pipeline from the Rovuma
Market conditions are creating additional pressure for TotalEnergies to resume work on its Mozambique LNG project, but Afungi is still not as safe as it needs to be
A UK-listed junior mining company has bought into a concession near Moatize owned by the partner of a government minister
A new gas bottling factory will allow cooking gas to be distributed across northern Mozambique, as the government encourages people to stop burning charcoal and wood
Mozambique's electricity utility wants to sell power from a new gas-fired power plant being built in Inhambane, to South Africa and the Mozal aluminium smelter