Browsing: Extractives

Extractives
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Mozambique heavy sands miner hits $275m capital restructure target

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. [...]

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Eni wins approval for Mozambique LNG sales contract

A series of key agreements for the Eni-led floating liquefied natural gas (LNG)project in the Rovuma Basin have been approved by the Mozambique government, including the all-important sales contract that could allow the consortium partners to take their [...]

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Mozambique heavy sands miner close to agreeing restructure

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. [...]

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Mozambique approves multi-billion dollar floating LNG contract

Mozambique’s petroleum industry regulator, INP, and the ministry of energy and mineral resource MIREME, have approved the main contract for the construction of a proposed floating gas liquefaction facility in the Rovuma Basin. The decision is the latest milestone towards the consortium led [...]

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