Japanese firm Mitsui, which holds a 20% stake in Mozambican block 1 operated by Anadarko, wants to make the most of the recent developments on the giant Golfinho gas field to revive its investments.
Read MoreMitsui & Co Ltd expects a final investment decision on a US Anadarko-led offshore LNG project in Mozambique in the year to 31 March 2019, Reuters reports.
Read MoreVale Moçambique, a subsidiary of Brazilian mining group Vale, will stop using the Sena Railroad and the port of Beira for its coal exports, which will be focused on the Nacala Logistics Corridor (CLN) and its deep-water port, said the chairman of the company.
Read MoreThe International Finance Corporation, part of the World Bank, expects to close a $2.7 billion debt refinancing for the Nacala Corridor railway project in Mozambique early next year, a senior IFC official said on Friday.
Read MoreThe agreement signed in 2014 for the entry of the Japanese group Mitsui & Co. in the coal business of Brazilian group Vale in Mozambique should be completed next September, said on Thursday the chairman of the mining group.
Read MoreThe Tax Authority (AT) of Mozambique is negotiating the payment of taxes on capital gains with several international groups, such as Brazil’s Vale, said the president of AT quoted in the Monday edition of daily newspaper O País.
Read MoreMitsui & Co of Japan said selling a stake in a liquefied natural gas project off Mozambique is not in the company’s plans.
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