Zitamar Daily Briefing, 17 July 2018

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Welcome to Zitamar’s daily Mozambique briefing for 17 July, 2018.

Agenda

  • Today and tomorrow: President Nyusi participates in the 12th Heads of State Conference of the Community of Portuguese-speaking Countries (CPLP)
  • Today: Energy Minister Max Tonela begins a five-day visit to Thailand
  • Today: Would-be Maputo mayor Venancio Mondlane to be officially unveiled by Renamo

The latest from Zitamar News:

Mozambique energy minister heads to Thailand to try and close LNG sale
Max Tonela wants the Thai government to give final approval on a key deal for the Anadarko-led project

The best of the rest:

  • Fura Gems enters Montepuez ruby market
  • Nyusi names new ambassadors to Switzerland and Rwanda
  • SENAMI deports 17 Ethiopian immigrants
  • Afreximbank conducting Mozambique study
  • Xtract Resources increases gold production

Fura Gems buys up Mustang Resources ruby concessions (AIM)
Canadian mining company Fura Gems announced yesterday that they are buying over a thousand square kilometers of ruby concessions in Montepuez district, Cabo Delgado province, from Mustang Resources and Regius Resources for a total of $11 million. The purchase, Fura claims, makes it the largest holder of ruby mining land in Mozambique. The land comes with existing infrastructure, including two wash plants, a security network, and mine camps. Fura intends to start auctions in the third quarter of 2019.
Fura Gems is run by Dev Shetty, the former COO of its major Montepuez competitor, Gemfields. Gemfields currently faces a lawsuit over alleged human rights abuses committed by the company, some of which are alleged to have taken place during Shetty’s tenure, which ended in October 2016. Fura Gems is part-owned by leading Frelimo MP Ana Rita Sithole.

Nyusi names new ambassadors to Switzerland and Rwanda (AIM, Rádio Moçambique)
Mozambican president Filipe Nyusi yesterday announced Amadeu Paulo Samuel da Conceição as ambassador to Switzerland, replacing Pedro Comissário Afonso. Da Conceição has served previously as Mozambique’s ambassador to a range of European countries. Nyusi also named Mónica Patrício Clemente Mussa as Mozambique’s high commissioner for Rwanda – a country which Nyusi himself will visit this week.

17 Ethiopian immigrants deported (O País)
Mozambique’s national immigration service (SENAMI) deported yesterday 17 undocumented immigrants from Ethiopia back to their home country. Those deported were among the 29 Ethiopians recently arrested in Mozambique for entering the country illegally. The other 12 lack passports, but will be deported once the Ethiopian government issues emergency travel certificates for them to be moved. Expenses for the deportations were borne by the International Organization for Migration, which did not disclose the total cost.
Ethiopia is a common source for migrants passing through Mozambique, but recent improvements in Ethiopia’s political situation might reduce the ‘push factor’ from now on.

Afreximbank conducting Mozambique study (Lusa)
Afreximbank representatives are in Mozambique conducting a study of opportunities for the bank to undertake project finance and policy support in the country. The director of the bank’s credit analysis department, Samuel Loum, told Lusa that the report will be completed in the coming months.
Afreximbank has already disbursed around $300 million in Mozambique, as well as making a total of some $41 million in loans in 2005 and 2015.

Xtract Resources increases gold production (AIM)
British mining company Xtract resources yesterday reported a 42% increase between Q1 and Q2 gold yields from its concession in Manica Province. Xtract chairman Colin Bird ascribed the increase to the end of the rainy season. Xtract’s Q2 gold production in Manica is valued at over $2 million, at today’s prices.

© 2018, Alexandre Nhampossa. All rights reserved.

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