New Energy Minerals (NEM) expects Chinese demand for reinforced steel to underpin its vanadium mining project at Cuala in Cabo Delgado, and has secured a $3.6 million investment from a Hong Kong investment group to push the development [...]
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An Australian who made millions selling Mozambican coal mining prospects to Riversdale and then Rio Tinto, is selling a ruby mine concession in Cabo Delgado for $2 million - and is linked to an Australian listed company developing a graphite mine in the [...]
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A new Canadian-owned mining company is aiming to join Mozambique’s ‘ruby rush’ in Montepuez, Cabo Delgado province, having bought into mining concessions owned by a leading Frelimo member of parliament, and by a prominent local businessman.
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