Gas-fired power project financing suggests Mozambique’s electricity utility is now a credible, if fragile, offtaker The 175 megawatt gas-fired power plant jointly owned by Mozambican electricity utility EDM [...]
Brazilian miner and Japanese conglomerate Mitsui signed their $2.73 billion project financing on Monday, with $2 billion coming from Japanese lenders and $700 million from within Africa. The
Irish miner Kenmare Resources is reportedly facing a new dispute with locals near its Moma sand mine in northern Mozambique, which could delay expansion of project just as the market for titanium feedstock is beginning to recover.
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. [...]
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. [...]
Global Alliance, Mozambique’s biggest insurer, has suspended a number of senior staff members while allegations of misconduct are being investigated, Zitamar News can [...]
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 [...]