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 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...
Bank of Mozambique introduces measures to offset devaluation of the metical
The Bank of Mozambique is implementing measures to cushion the effects of the devaluation of the metical in recent months and the expected rise...
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...
Kenmare’s Moma mine lifts Q3 heavy minerals concentrate output
Mineral sands production from Kenmare Resources’ Moma titanium minerals mine, in Mozambique, continued to increase in the third quarter ended September 30, as the...
Ncondezi extends commercial deal with EDM
The London based company Ncondezi Energy announced recently that it has extended its commercial deal with Mozambique's publicly owned electricity company EDM for 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...
Engineering Design contract for Balama Project awarded CPC Engineering
Australian company CPC Engineering has been awarded a contract by Syrah Resources Ltd for the detailed engineering and design of the Balama Graphite Project...
Graphite discovery in northern Mozambique is of excellent quality
The graphite discovery in the Balama Norte and Ancuabe concessions in northern Mozambique, has “unique commercial versatility,” Australia’s Triton Minerals said in a statement...
