Browsing: Extractives

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

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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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Extractives The BYD Qin, a popular electric car in China. Photo via Syrah Resources
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Australian graphite miner Syrah Resources has signed a series of agreements over recent weeks to supply graphite from its mine in Cabo Delgado, northern Mozambique, to the Chinese electric vehicle market and to US steel producers - in addition to [...]

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Extractives Sasol's Central Processing Facility in Inhambane. Photo © Sasol
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South African energy firm Sasol has won government approval for a project to start pumping oil from a well at Inhassoro, on its existing concession area in southern Mozambique’s Inhambane province where the company already produces gas at the Pande and [...]

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Extractives The Moma heavy sands mine. Photo via www.kenmareresources.com
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Ireland-based Kenmare says lenders have not taken action after the Moma mine owner missed a 31 January deadline to restructure the company Kenmare Resources, owner of the Moma heavy sands mine on the coast of Mozambique’s Nampula province, today technically defaulted on the loans [...]

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