Author: Mozambique Resources Post

Deutsche Welle reported that Germany’s Essen based RWE (ETR:RWE) has begun supplying gas to the Ukraine. According to Deutsche-Welle, RWE signed a contract for natural gas deliveries with Kyiv in 2012, but has not yet specified the price Ukraine will pay for the gas. As quoted in the market news: The utility firm said current gas deliveries came from the company’s overall portfolio. According to figures released in 2012, 31 percent of RWE’s gas comes…

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Reducing costs in the open cut mining industry through technology advancementsMaintaining control of costs and efficiency in an open cut mining operation requires close scrutiny of geology, planning, scheduling of earth-moving equipment, drill and blast technology and safety. Technology advancements that have decreased costs have been slow. While, underground mining operations are increasing productivity through plenty of technology advancements. According to Hans Hayes, GM Open-Cut Mining Excellence, Anglo American, a focus on technology is needed in open…

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Russia’s annexation of the Crimea region of Ukraine is the most significant geopolitical event to occur in Europe in a generation. Not since the Kosovo crisis in the late 1990s has the North Atlantic Treaty Organization (NATO) deployed its forces in response to aggression, although this time around NATO is potentially facing a larger and far more technologically-advanced foe than Serbia. NATO’s recent deployment of troops and materiel to Poland appears to be more a…

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Highlights:  Preliminary partial metalurgical results from the Cobra Plains deposit shows the total carbon recovery of 96%. The weighted average total graphitic carbon of the concentrate produced is 94.5%, (including a high of 97.1%). The graphite is readily liberated by crushing, grinding, rougher and cleaner flotation with regrind. Additional metallurgical work to be undertaken to refine the recovery process. Reviewing options to see if the concentrate can be further upgraded using supplementary treatments  Triton Minerals Limited is pleased…

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Construction of the Nacala railroad and a coal terminal in Nacala-a-Velha will be concluded by next December, said Mozambique’s Transport and Communications Minister, Gabriel Muthisse. In an extensive interview with Mozambican newspaper Notícias, de Maputo, the minister said that from December onwards Mozambique would have capacity to distribute and export over 22 million tons of cargo, of which 18 million tons will be coal mined in Tete. Muthisse also said that until mid 2015 the…

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Mozambique now has a Renewable Energy “Atlas”, the country’s Energy Minister, Salvador Namburete said Friday cited by Mozambican news agency AIM. The minister said that the complete version of the document had yet to be printed, but that the executive summary was available and it allowed potential investors to get detailed information about Mozambique’s energy potential. Namburete was speaking at the opening of the first conference on bioenergy, a meeting organised by Brazil’s Campinas State…

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Indian state company Oil India Ltd (OIL) plans to secure US$900 million on the international market to refinance a loan taken on to cover its part of the acquisition of a stake in a natural gas block in Mozambique, India’s Economic Times reported. In January, Oil and Natural Gas Corp (ONGC) and Oil India Ltd concluded their joint acquisition of a 10 percent stake in the Area 1 block, in northern Mozambique, owned by Indian…

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British company Ncondezi Energy in March presented a proposal to sell electricity to Mozambican state power company Electricidade de Moçambique, the company said in a statement published on its website. In the same document the company said that it had also presented the energy Ministry with a concession contract proposal for construction of a 300-megawatt coal-fired power station in Tete province. Adding that the negotiation process for the two proposals was already underway, Ncondezi Energy…

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Mozambique’s gross domestic product (GDP) is expected to grow this year by 8.3 percent and slow down in 2015 to 7.9 percent, according to projections from the International Monetary Fund (IMF) in its World Economic Outlook published Tuesday in Washington. The document did not provide an analysis for these figures, but in mid-March, at a joint conference with the IMF’s programmatic evaluation mission, a revision of the State Budget following the IMF’s recommendations was announced….

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