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   News Archive News
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    29 October, 2015
  
   Results of hydrocarbon licensing round announce
 
 

Mozambique’s National Petroleum Institute (INP) has announced the results of the fifth licencing round for exploration and production of hydrocarbons in fifteen blocks.
 
     
 
    22 October, 2015
  
   US$31 billion to be invested in Rovuma Basin gas
 
 

Total projected investment in natural gas operations in the Rovuma Basin, in the northern Mozambican province of Cabo Delgado, now stands at 31 billion US dollars, according to Omar Mitha, chairperson of the National Hydrocarbon Company (ENH).
 
     
 
    21 October, 2015
  
   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 central Mozambican province of Manica.
 
     
 
  26 January, 2018  
 
Record production at Kenmare mine
 
Kenmare Resources, which operates the Moma Titanium Minerals mine, has reported record annual production in 2017 of the three minerals it extracts .

 
  24 January, 2018  
 
Inflation now under control
 
Inflation has been brought under control and the exchange rate of the Mozambican currency, the metical, has stabilised, declared the governor of the Bank of Mozambique, Rogerio Zandamela.

 
  10 January, 2018  
 
Goods traffic to resume between Cuamba and Lichinga
 
Goods traffic is to return to the branch line between the cities of Cuamba and Lichinga, in the northern Mozambican province of Niassa, under an agreement reached between the Niassa provincial government and the Northern Development Corridor (CDN), the private-led consortium that operates the line.

 


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