Browsing: Baobab Resources

Extractives Steel H beams. Photo: Jindal
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Australian mining company Baobab Resources signed its mining contract with minister of mineral resources and energy, Leticia Klemens, on Monday, having last week unveiled three Chinese partners that intend to join the combined iron, steel, and power [...]

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Extractives Steel H beams. Photo: Jindal
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Mozambique's council of ministers also discussed China's Belt and Road initiative, which could yet be decisive for the development of steel production in Mozambique Mozambique’s council of ministers yesterday approved the mining contract for [...]

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Coal The MoU signing ceremony in Maputo, 24 February 2017. Photo © Tom Bowker / Zitamar News
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The construction of a Chinese-owned project to produce coking coal from lower-value thermal coal and export it to Brazil could start in Nacala in the second half of this year, the company’s CEO said today at a ceremony in Maputo.

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Heavy Industry Government spokesman Mouzinho Saíde. Photo © Timothy Haccius / Zitamar News
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Mozambique’s government has approved the creation of an industrial free zone around a planned steel mill in the province of Tete. Mining company Baobab Resources has been lobbying for the zone’s creation and is currently looking for a strategic investor - probably from China - to help them [...]

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Extractives A steel mill built by the Metallurgical Corporation of China (MCC) in Guangdong Province. Photo © MCC
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Baobab Resources is looking to sell a majority stake in its planned iron and steel production facility in Tete province to a Chinese partner to help finance the $1 billion project that it says  should kick-start industrial development in Mozambique. [...]

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