Browsing: Extractives

Extractives A gas pipeline under construction. Photo © Fluor
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A $6 billion, 2,600km pipeline to take gas from the Rovuma Basin to South Africa is set to be developed by a consortium including a group of unnamed Mozambican private investors in partnership with South African energy firm Sacoil and led by China [...]

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Extractives A map of Triton's Cabo Delgado licences. Photo: Triton Minerals
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Triton Minerals, a graphite mining company with prospecting licences in the north-eastern Mozambique province of Cabo Delgado, announced today it is switching the focus of its operations from Balama to its project in Ancuabe. Triton, based in Perth, Western Australia, boasts of “the world’s [...]

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Coal Vale's Moatize mine. Photo: Vale
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Brazilian miner Vale has written $2.4 billion off the value of its coal assets in Mozambique over the last year, now valuing its project in the country at $1.73 billion. The operation continues to lose the company half a billion dollars per year, Vale said in its [...]

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Extractives President Filipe Nyusi, meets Eni’s CEO, Claudio Descalzi in May 2015. Source: Eni
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Mozambique’s Council of Ministers approved the plan of development for Eni’s floating LNG project on Tuesday, 23 February, paving the way for to company to take a final investment decision (FID) later this year, according to a
Extractives Savannah's operation in Inhambane province. Photo: Savannah Resources
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Savannah and Rio Tinto  plan to start construction of a major new heavy sands mine in southern Mozambique in 2017, but the joint venture they agreed last year is still awaiting approval from the Ministry of Mineral Resources and Energy.

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Coal A worker at Vale's Moatize coal mining project. Photo: Vale
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Some 1,400 workers at Vale’s Mozambique coal mine in Moatize, Tete province, are on strike after they were told they will not benefit from a profit-sharing scheme this month, according to a report in Mozambique state news agency AIM. According to
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