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...
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...
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...
