mining – Page 19

Mozambique Mining Inudstry: Two new mining projects due to begin in June

Posted on May 13, 2014 by Mozambique Resources Post

Two new mining project with a high commercial value are due to start operating in June in the districts of Chionde and Ile, in Mozambique’s Zambézia province, representing a total estimated investment of US$210 million, according to Mozambican daily newspaper Notícias.

Mozambique Graphite Mining: Syrah Resources sells national graphite to European buyer

Posted on May 8, 2014 by Mozambique Resources Post

Australian company Syrah Resources has agreed with UK company Asmet to supply it with 100,000 to 150,000 tons of graphite each year quarried at the Balama concession in Mozambique’s northern province of Cabo Delgado, according to a recent statement.

Oil & Gas Industry: Eni Considers Building FGLP Off Mozambique Coast

Posted on April 29, 2014 by Mozambique Resources Post

Italy’s largest energy company, Milan-based Eni, is considering building a multi-billion dollar floating liquefied natural gas plant (FLNG) off the coast of Mozambique’s northern Cabo Delgado province.

Mining vs Prosperity: World Bank gives Mozambique tips on avoiding a ‘painful bust’ as minerals boom beckons

Posted on April 25, 2014 by Mozambique Resources Post

The World Bank has forecast that Mozambique government revenues from the country’s coal and gas sectors could be $9-billion by 2032, which would represent 7% of the country’s gross domestic product and 21% of total government revenues. This prediction is contained in the global institution’s latest policy note on the country, entitled ‘Generating Wealth from Mozambique’s Natural Resource Boom’, which was publicly launched in Maputo on April 10 (although the note is dated January 2014)….

Mozambique Rare Earths Mining: Kenmare Interim Management Statement

Posted on April 24, 2014April 24, 2014 by Mozambique Resources Post

Kenmare Resources plc (“Kenmare” or “the Company”) Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals, issues the following trading update with respect to the period from 1 January 2014 to 23 April 2014 and covering production and shipments from 1 January 2014 to 31 March 2014 (“Q1” or “Q1 2014”) in accordance with the Disclosure and Transparency Rules. Overview • Ore mined up 81% to 7,543,000 tonnes (Q1…

Mozambique Graphite Mining: Triton Minerals Ltd. [ASX:TON] – Drilling Commences at Nicanda Hill Prospect

Posted on April 23, 2014April 24, 2014 by Mozambique Resources Post

Triton Minerals Limited (ASX: TON, Triton, the Company) is pleased to confirm the commencement of the third phase of the RC and Diamond drilling program, on the southern portion of the Nicanda Hill prospect in the Balama North project. The Company shall provide an update to the market as the drilling program progresses and as further information comes to hand. Information on the Company´s graphite project in Mozambique is available on the Triton web site: http://www.tritonmineralsltd.com.au/projects/mozambique-graphite-project…

Moatize Coal Mining: Brazilian group Vale invests US$8 billion in Mozambique

Posted on April 22, 2014 by Mozambique Resources Post

VALE Investments by Brazilian group Vale are expected to total US$8 billion with the conclusion, this year, of the Nacala Logistics Corridor project, director of Vale Moçambique Sérgio Chitará, said cited by Mozambican newspaper Notícias. According to the investment schedule presented by the company, the corridor, which was expected to cost US$4.5 billion and made up of a 912-kilometre railroad starting at Moatize, in Tete province, and a deep water port in Nacala-a-Velha, should be operational…

Investing News: Coal Miners Under Pressure as Prices Fall and Governments Look to Alternative Energy Supplies

Posted on April 21, 2014 by Mozambique Resources Post

The future does not look good for coal miners. Increasing government regulations, environmental concerns and public opinion in favor of energy alternatives are threatening the resource’s market share, and to top that all off, coal prices have hit record lows that are set to continue into the second quarter of 2014. Specifically, according to The Province, Asian steelmakers and Australian coal miners helped set prices at their lowest level since 2007 when they agreed on a benchmark…

FROM MINING.COM: BHP Submits License Request to Build World’s Largest Underground Coal Mine

Posted on April 21, 2014 by Mozambique Resources Post

Mining.com reported that BHP Billiton (ASX:BHP) is looking to build the largest underground thermal coal mine in the world, but could meet opposition from locals who have a stake in the proposed location at Liverpool Plains, Australia. As quoted in the publication: The mining giant has already submitted a licence request to the federal and state governments, saying the mine could produce 10 million tonnes of thermal coal a year, or more than 5% of…

Moatize Coal: Brazil’s Vale announces in June financing source for projects in Mozambique

Posted on April 17, 2014 by Mozambique Resources Post

The Vale mining group plans to announce the financing source for projects in Mozambique this coming June, the executive president of the Brazilian group said on Wednesday. In comments to the Brazilian newspaper Valor, Murilo Ferreira also mentioned the announcement made by the National Economic and Social Development Bank (BNDES) that it had approved financing of 6.2 billion reais for the group, to be applied at the Carajás Complex in Pará state. “We have various…

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