Browsing: Mitsui

Electricity

28. April, 20220

Eight consortia vie for Mphanda Nkuwa megaproject

The eight consortia vying to develop the $5bn hydroelectric mega project include state-owned companies from Zimbabwe and Zambia, major energy and construction companies from Europe and Asia, and an agricultural commodities trading group

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Daily Briefing

9. June, 20210

Zitamar Daily Briefing, 9 June

Welcome to Zitamar’s daily Mozambique briefing for 9 June, 2021 Jun 9 Agenda: Environment minister…...

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Cabo Ligado

2. April, 20212

Total withdraws completely from Afungi, leaving LNG site in government hands

Total pulled all its staff out of the Mozambique LNG project today, leaving the security of the mothballed project entirely in the hands of Mozambique’s defence and security forces

Daily Briefing

3. March, 20210

Zitamar Daily Briefing, 3 March

Welcome to Zitamar’s daily Mozambique briefing for 3 March, 2021 Zitamar Ltd Mar 3 Agenda:…...

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Daily Briefing

22. January, 20210

Zitamar Daily Briefing, 22 January

Welcome to Zitamar’s daily Mozambique briefing for 22 January, 2021 Zitamar Jan 22 Agenda: Today…...

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Coal

21. January, 20210

Vale and Mitsui announce plan to quit Mozambique coal

Vale and Mitsui, the Brazilian and Japanese giants who jointly own the Moatize coal project and Nacala logistics corridor in Mozambique, are to quit the projects

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Infrastructure

20. November, 20200

Nacala Logistics lost $16m last quarter as transport demand plunged

The company running the railway line from Moatize to Nacala, Nacala Port, and the Nacala coal terminal, lost $16m in Q3 as general cargo and coal traffic dropped dramatically

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Coal

23. July, 20200

Vale forced to halt coal production in June as demand dries up

A severe drop in global demand forced Vale to stop mining coal last month temporarily — something it may have to do again in the near future

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Coal

18. December, 20190

Vale and Mitsui lose Nacala Port concession to CFM

State-run port and rail company CFM is taking back control of Nacala port from Vale and Mitsui, who still run the rest of the Nacala Logistics Corridor

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Coal

18. October, 20190

Vale faces complex problems fixing Mozambican coal business

Vale has announced a “reassessment” of its strategy for mining coal in Mozambique, but the company’s problems go back years and are more complex than its announcement suggests

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