Browsing: China

Extractives
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Syrah makes drastic cuts to Mozambique graphite operation

30% of Mozambique staff will go as production is cut to a bare minimum Syrah Resources will make 30% of its staff redundant and cut production to the bare minimum at its graphite mine and processing facility in Balama, Cabo Delgado, blaming changing market conditions in its biggest [...]

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Daily Briefing
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Zitamar Daily Briefing, 22 February

Welcome to Zitamar’s daily Mozambique briefing for 22 February, 2019 Agenda:
  • Today: President Filipe Nyusi inaugurates the rehabilitated headquarters of the Ministry of Agriculture and Food Security (Ministério de Agricultura e Segurança de Alimentar, MASA), [...]

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Extractives
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Mozambique graphite leader grapples with higher costs and lower production

Graphite producer Syrah Resources is producing less graphite and incurring higher costs than it had forecast - leading the company’s new chief operating officer (COO) to review of operations at the mine in Cabo Delgado, northern Mozambique.

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Cement
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Frelimo holding company sells cement plant stake in $85m deal

A Singaporean company has agreed to pay $85 million for a majority  stake in a cement plant near Maputo which until last month was 99% owned by a company described as “the financial arm” of Mozambique’s ruling party, Frelimo. The cement plant project at [...]

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Extractives
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Mozambique refinery is Chinese project, despite international tender

Details have emerged around a planned oil and gas refinery project in Mozambique, which was originally proposed by Chinese state-owned oil company CNPC but has now been put out to international tender after the Chinese offered to build, but not finance, [...]

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