Browsing: Top Story

Coal
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Negligence suspected in fatal accident at Vale coal mine

A worker on Vale’s coal mine was killed, and another sustained life-threatening injuries, in an accident on 6 January when the two men, employed by a sub-contractor, were carrying out maintenance on a conveyor belt at the Moatize Plant 2.

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Extractives
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Syrah slashes Mozambique mining while graphite demand remains slack

Syrah Resources reduced mining activity at its graphite mine in Balama, Cabo Delgado by 93% in the last quarter of 2019 and significantly reduced its staff, in an effort to reduce costs in the face of far worse market conditions than the company had been planning [...]

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Politics
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Frelimo tempers Nyusi reshuffle, but agriculture stays top of second term agenda

Filipe Nyusi has appointed his cabinet to kick off his second term in office — with the appointments suggesting the President continues to not have things all his own way in Frelimo despite leading the party to a landslide election victory. Adriano Maleiane wanted to leave [...]

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Extractives
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Gemfields late delivering complaints service for Montepuez mine neighbours

Montepuez Ruby Mining has failed to deliver on time a system for reporting alleged human rights abuses in the area of its mining operations in Cabo Delgado province. The company, which is majority owned by UK-based miner [...]

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Agriculture
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Nyusi declares agriculture ‘national emergency’ in second term commitments

Filipe Nyusi has declared combating poverty through investing in agriculture a “national emergency” and pledged to devote 10% of the state budget to the sector, in a speech following his swearing in for a second term as President of Mozambique on Wednesday. Agriculture and industrialisation [...]

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Economy
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Maleiane promised to honour all ‘hidden debts’ if court would rule them legal — report

Mozambique would have converted the $535 million MAM loan into sovereign debt if any Mozambican court had deemed the government guarantee for the MAM loan legal, finance minister Adriano Maleiane told the Russian lender, VTB, in a meeting in early 2018, according [...]

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Electricity
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Cabo Delgado solar power project reaches financial close

French renewable energy company Neoen has reached financial close and launched construction of a 41MWp solar power plant at Metoro, Cabo Delgado, thanks to concessional lending from French development agency Agence Française de Développement (AFD) and its [...]

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Extractives
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US oil and gas companies wanted to take over Pemba Logistics Base, claims ENH’s Mithá

The oil and gas companies operating Mozambique’s LNG projects tried to sabotage the success of the Pemba Logistics Base because they wanted it to be run by an American, rather than a local, company, Omar Mithá, chairman of national oil company, ENH, told a press [...]

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