Mineral sands producer Kenmare Resources on Tuesday announced its dividend policy, a watershed moment for the company, with dividends to be based on a minimum of 20% of profits after tax.
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The Mozambican government has announced that it is preparing for new oil and gas exploration activities in the north of the country in tandem with oil company ExxonMobil.
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US contractor HDR International has been selected to conduct a feasibility study for a solar energy project in Mozambique.
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(Reuters) – Titanium minerals miner Kenmare Resources Plc said on Monday pretax profit for the first half of the year jumped nearly three-fold, as it shipped more finished products to China and other Asian markets.
Read MoreIrish mining company Kenmare Resources has extracted record amounts of minerals at the Moma heavy sands project in northern Mozambique’s Nampula province, the company said in a statement announcing the operational and financial data for the fourth quarter and 2017.
Read MoreMozambique mineral sands producer, Kenmare Resources, would try to match last year’s record ilmenite production in 2018, but the general outlook was a slight fade in output.
Read MoreThe government of Mozambique approved a resolution authorizing Capitol Resources, a subsidiary of Australia’s Baobab Resources, to carry out mining activities in the district of Chiúta, in the central province of Tete, announced on Tuesday in Maputo the spokesman of the Council of Ministers.
Read MoreKenmare Moma Mining, a subsidiary of Ireland’s Kenmare Resources, is planning five public sessions in Mozambique this month on the need to relocate people to expand its heavy sands exploration, according to Mozambican daily newspaper Noticias.
Read MoreJapan’s Mitsubishi Corporation will build a 110/33kV, 40MVA sub-station in Namialo, Nampula province, northern Mozambique, under a contract signed with state-owned electricity company EdM, the company said.
Read MoreThe production at a heavy sands project in Moma in northern Mozambique, recorded a 3.0 percent increase in the first half of the year, Irish company Kenmare Resources said Monday in a statement quoted by Macauhub news agency.
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