Public mural by Naguib Elias Abdula
30 July, 2016      03:49 GMT +2 Maputo
Top story
2016 / 07 / 29
Vale Moçambique posts loss of US$100 million in the 2nd quarter
Mining company Vale Moçambique recorded a loss of US$100 million in the second quarter of 2016, compared with a loss f US$112 million in the first quarter, according to its parent company, Brazilian group Vale. The improvement of US$12 million in results in the second quarter was due to a drop in ...
News
2016 / 07 / 29
Oil group ExxonMobil is in advanced talks with Italian group ENI to buy a minority stake in new offshore natural gas discoveries in Mozambique, reported financial news agency Bloomberg. Rex Tillerson, CEO of Exxon, discussed the deal with the President of Mozambique, Filipe Nyusi last week in Maput...
2016 / 07 / 29
French oil group Total plans to invest US$50 million in Mozambique to achieve a 30% share of the service station market by the end of 2017, said the group’s managing director for Mozambique. The group, which on Thursday opened a service station in the suburb of Magoanine in Maputo, aims to have 6...
2016 / 07 / 28
South African company African Property Investimentos Lda plans to invest about US$60 million in construction of a shopping centre in the city of Nampula, capital of the province of the same name in northern Mozambique, under a memorandum of understanding signed Tuesday. The memorandum, signed by re...
South African groups invest in retail in Mozambique
2016 / 07 / 28
Australia’s Mustang Resources has discovered its first ten rubies at digs in the concession it holds in Montepuez, Cabo Delgado province, northern Mozambique, the company said in a statement issued on Wednesday. The discovery of the ten rubies, totalling 2.16 carats, was described by the company ...
2016 / 07 / 28
Vale Moçambique has suspended shipments of coal by rail along the Sena line after a train was attacked on Monday in the Inhamitanga area, central Mozambique, the subsidiary of the Brazilian group said in a statement. The statement did not mention a deadline for operations on the Sena line to resum...

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