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...
Mozambique to present projects to India Fund for Africa
The government of Mozambique will start preparing projects for submission to the USD10 billion fund for Africa announced by the government of India, the...
Joint Venture to mine Alluvial Gold
The British based company Xtract Resources has entered into a joint venture with Mineral Technologies International to develop an alluvial gold mine in the...
ENH has a new boss
Mozambique appointed a new chairman of the state oil company, months before decisions are due on projects that could make the country the world’s...
Anglo American closes office in Mozambique
Mining group Anglo American closed its office in Mozambique under a cost-cutting plan, which may include the sale of its headquarters building in London,...
Drop in oil price leads to redundancies in Angola
The sharp fall in the price of oil has led to the indirect dismissal this year of more than 7,000 workers, especially in the...
