Syrah Resources to raise $65m for Mozambique, US projects
Australia’s Syrah Resources said on Wednesday it would raise A$98 million ($64.73 million) through a placement and an entitlement offer for funding its Balama graphite operations in Mozambique and its US-based Vidalia project.
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Syrah Resources suspends movement on key route after attacks in northern Mozambique
Mining News Pro - Syrah Resources said on Thursday there were insurgent attacks near its Balama graphite operations in northern Mozambique, which prompted the Australian miner to preemptively suspend movement on a key transport route.
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Vale to pay $2.5bn to settle liabilities in Mozambique mine corridor
Mining News Pro - Vale SA will settle in advance liabilities of around $2.5 billion related to the project finance for the Nacala logistic corridor (CLN) that serves a coal mine in Mozambique, the company said in a securities filing on Tuesday.
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US judge rejects SEC bid to expand Rio Tinto fraud lawsuit on Mozambique coal business
Mining News Pro - AUS judge on Wednesday quashed a bid to widen the scope of a civil lawsuit by the US Securities and Exchange Commission that accused miner Rio Tinto of fraud at its Mozambican coal business, a court filing showed.
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At least 16 artisanal miners drown in flooded mining field in Mozambique
Mining News Pro - At least 16 artisanal gold miners drowned on Monday in northern Mozambique after heavy rains flooded the mining field they were working in, a local television station reported on Thursday, while more remain missing.
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Syrah cuts jobs in Mozambique
Mining News Pro - Graphite miner Syrah Resources on Thursday said that it would reduce the headcount at its Balama operation, in Mozambique, by 65% in an effort to preserve cash.
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DBSA confirms financing of $120m for giant Mozambique LNG project
Mining News Pro - South Africa’s State-owned Development Bank of Southern Africa (DBSA) has confirmed financing of $120-million for the $20-billion-plus liquefied natural gas (LNG) project being developed by a Total-led consortium in northern Mozambique.
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Mozambique ruby mining giant hit by virus
Mining News Pro - Mozambique`s Montepuez Ruby Mining said it halted all but vital operations at the mine in the restive province of Cabo Delgado at the end of April because of supply chain restrictions and fears of an outbreak among staff.
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Kibo increases Mozambique land holding to expand energy projects
Mining News Pro - Africa-focused energy company Kibo Energy has acquired 345 ha of land adjacent to its Benga power plant project, in Mozambique`s Tete province.
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Mozambique’s giant ruby mine boosts security after virus empties local jail
Mining News Pro - Gemfields Group strengthened security at its shuttered Mozambican ruby mine, after the government released illegal miners from jail as part of its response to the coronavirus crisis.
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Savannah Resources secures first of three mining licences for Mozambique project
Mining News Pro - Multi-commodity developer Savannah Resources said on Monday that its subsidiary in Mozambique had secured a mining licence for the Mutamba heavy minerals sands project from the country’s government.
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Vale to shutter Mozambique coal operations for 3 months
Mining News Pro - Vale SA, the Brazilian mining giant, plans to place its Mozambican coal operations on maintenance for three months, essentially closing the tap on about one-third of the southeast African country’s export earning
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Brazilian, Indian groups report coal performance and plans in Mozambique
Mining News Pro - Brazilian mining major Vale has reported that its coal business, which is composed almost entirely of its Moatize coal operation, in the north-eastern Mozambique province of Tete, increased its net operating revenues during the third quarter of this year (3Q18) by $69-million, compared with the second quarter (2Q18).
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Mozambique`s ruby mining goes from ‘wild west’ to big business
Mining News Pro - MAPUTO – Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small-scale miner, he found a large red ruby in northern Mozambique. He sold it to a buyer from Vietnam for $43 000, returned to his family 900 miles away and built a house with the proceeds.
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