WB

Extractive Industry: Government ratifies US$28m donation to strengthen mining, gas sectors

Posted on January 25, 2018January 25, 2018 by Mozambique Resources Post

The Mozambican government has ratified a US$28 million Mining and Gas Technical Assistance Project donation from the World Bank’s International Development Association (IDA).

Mozambique Renewable Energy: Major solar power ahead by next year

Posted on November 1, 2016November 1, 2016 by Mozambique Resources Post

The company Scatec Solar and the Norwegian Development Fund (Norfund) signed yesterday, November 31, in Maputo a contract guaranteeing the sale of solar power to the state-held Electricidade de Moçambique (EdM) for a 25-year period, the company announced in a statement.

Africa Mining: World Bank walks out of Simandou untapped iron reserves

Posted on October 13, 2016 by Mozambique Resources Post

The World Bank’s International Finance Corporation is leaving the project, according to reports, having exercised a right to ask Rio Tinto (LN:RIO) and partner Chinalco to buy out its 4.6% holding in the joint venture.

Africa Oil & Gas: Ghana and gas output increases as Sankofa field starts

Posted on June 8, 2016 by Mozambique Resources Post

Ghana’s National Petroleum Corporation (GNPC) sees first oil production at the offshore Sankofa field being developed by Eni and Vitol in the second half of 2017, and initial gas output early the following year, an official said on Tuesday.

Global Markets: Commodities price indices set to decline in 2015

Posted on July 23, 2015 by Mozambique Resources Post

This year, all main commodity price indices will decline owing to “abundant supplies and, in the case of industrial commodities, weak demand, so forecasts a report by World Bank. The July Commodity Markets Outlook is particularly pessimistic on the outlook for metals prices, which are now projected to decline 17%, instead of the 12% forecast in April; a result of capacity increases and slowing Chinese demand. The largest decline is expected for iron-ore, where a 46%…