Browsing: Extractives

Extractives The Afungi peninsula in north-eastern Mozambique where the onshore LNG trains will be built. Photo from impacto.co.mz/portfolio/projecto-gas-natural-liquefeito/
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The land use certificate granted for the onshore LNG projects in the Rovuma Basin should be ruled illegal by Mozambique’s Administrative Court (Tribunal Administrativo), Mozambique’s Bar Association (Ordem dos Advogados de Moçambique, OAM) said on Thursday. The land use certificate, known as [...]

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Economy Prime Minister Carlos Agostinho do Rosario and Finance Minister Adriano Maleiane in parliament on 3 May 2017.
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Mozambique should only pay sovereign bondholders $369 million of a potential $500m gas-linked bonus, the country’s finance minister told parliament last week - but his calculations only make sense if ExxonMobil’s planned LNG project does not go [...]

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Oil & Gas Work on the Pemba Logistics Base, March 2016. Photo: Zitamar News
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The Pemba Logistics Base will be ready to provide drilling services for the Coral FLNG project by the end of next month, Omar Mitha, head of state oil company ENH, a 51% shareholder in the project through its subsidiary ENH Logistics, told

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Extractives New Energy Minerals' Caula graphite and vanadium project is located in Cabo Delgado. Image: NEM
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New Energy Minerals (NEM) expects Chinese demand for reinforced steel to underpin its vanadium mining project at Cuala in Cabo Delgado, and has secured a $3.6 million investment from a Hong Kong investment group to push the development [...]

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Extractives Work at Battery Minerals' graphite project in Cabo Delgado. Photo: Battery Minerals
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An Australian who made millions selling Mozambican coal mining prospects to Riversdale and then Rio Tinto, is selling a ruby mine concession in Cabo Delgado for $2 million - and is linked to an Australian listed company developing a graphite mine in the [...]

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Extractives Seated from left to right: Tavares Martinho, ENH; Max Tonela, MIREME; Stefano Carbonara, Eni; Peter Manoogian, Sasol. Photo © Alexandre Nhampossa / Zitamar News
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Italian oil company Eni and South Africa’s Sasol on Wednesday finally signed contracts to explore and develop oil and gas in two blocks in Mozambique, more than three years after petroleum regulator INP first awarded them the blocks.

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