Mining Industry

The most exclusive news related to them most recent developments in the mining sector of Mozambique (Coal, Iron ore, copper, diamonds)

Extractive Industry: Taxes on deals involving mining assets expected to net Mozambique US$3 billion

Posted on by Mozambique Resources Post

Mozambique may collect taxes of US$3 billion by the end of the year, or twice the amount of capital gains tax charged so far on the sale of mining resources, the president of Mozambique’s Tributary Authority (AT), Rosário Fernandes said Wednesday in Maputo. The president of the AT said that by the end of the year he intended to conclude the process of charging seven international groups who sold either their entire or part of…

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Mozambique: “Tete most favourable sub-Saharan Africa coal destination” – Beacon Hill

Posted on by Mozambique Resources Post

JOHANNESBURG – Mozambique’s Tete coalfield has the most potential for development over the next ten years, when compared with other sub-Saharan African coal mining areas, such as the Trans-Kalahari corridor, stretching over Botswana and Namibia, and the Waterberg coalfields, in South Africa, London-listed Beacon Hill Resources CE Rowan Karstel said on Thursday. Speaking at the Heavy Haul Rail Africa 2014 conference, in Sandton, he said Tete had the advantages of high-quality coal and being connected to good…

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Mozambique: Agreement opens way for 300 MW Moatize coal-fired power project

Posted on by Mozambique Resources Post

Maputo, Mozambique – A 25-year concession contract was signed on Friday opening the way for the development of a 300 MW, $1-billion coal-fired independent power producer (IPP) project in the Tete province of Mozambique, about 1 500 km north of Maputo. The contract was conclude between the government of Mozambique and a consortium led by ACWA Power, a Saudi Arabian company that has a 15 979 MW global electricity portfolio. Brazilian mining group Vale and…

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