Wednesday, June 19, 2019

Sena railway operational again

Vale Moçambique has resumed using the Sena railway to deliver coal to port of Beira, after a several months of standstill of Mozambican media...

Catoca Mining Society responsible for 75% of the diamonds mined in Angola

Sociedade Mineira de Catoca (Catoca Mining Society), the largest diamond company in Angola, is responsible for 75% of the diamonds mined in the country,...

Sandvik enables automation that mines are ready for

The first Sandvik AutoMine Loading installations were delivered more than 10 years ago and the automation system continues its success story today. More and...

The Brazilian mining giant Vale has defended cutting the wages of its Mozambican work...

The strike erupted on Tuesday when workers at Vale's open cast coal mine at Moatize, in the western province of Tete, discovered that Vale...

Gemfields achieves record sales price for lower-quality emeralds

Twenty-nine companies placed bids in Aim-listed Gemfields’ second auction of production from its 75%-owned Kagem mine, in Zambia, in the current financial year, with...

Mustang raises funds to advance Montequez ruby project

Mustang Resources is hoping to raise nearly A$6-million through a share placement and converting loan to fast-track its graphite, diamond and ruby assets. The...

Puma Energy commissions new fuel terminals

Puma Energy has commissioned new bitumen and fuel terminals in Mozambique, increasing its storage capacity in the country to 275,500 cubic metres, the company...

Mozambique turns to IMF for emergency loan as Currency falls

Mozambique has turned to the International Monetary Fund for $286 million in emergency aid to help cushion the economy after the currency lost almost...

Mozambique Awards Exxon, Eni Licenses for Exploration

Mozambique’s government awarded six licenses to search for oil and gas and said that exploration work has the potential to drum up about $700...

Diversification critical to long-term success in Africa

There are growing signs of a sharp slowdown in growth across most of Africa. From the oil wells of Nigeria to the copper belt...