South Africa falls behind in new mine development
South Africa’s historically successful mining industry has crowded out the search and discovery of potential new mines, leaving in its wake a lack of...
Xtract completes Manica review
Aim-listed Xtract Resources has completed a review of its Manica project, in Mozambique, as part of an overall review of the company's position relative...
First thermoelectric combined cycle power plant for Mozambique
Mozambique has announced plans to build combined cycle natural gas power station, estimated to cost US180million, government officials have said. The plant will have...
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,...
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...
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...
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...
China and Mozambique state-owned enterprises form partnership
China Petroleum Engineering and Construction (CPECC) and ENH Logística (ENHL) of Mozambique have established a partnership to develop oil projects in Mozambique, according to...
