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Australian mining company Syrah Resources has resumed production of graphite ahead of schedule at its Balama mine in Cabo Delgado, northern Mozambique, it said in a statement to shareholders on Tuesday. The plant's activities were halted in late March last year following the country's implementat
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Shares in Altona Rare Earths soared by over 60% today following the news that the group has entered into an MoU to acquire up to 70% in the Monte Muambe Rare Earths Project. Should it choose to proceed with the investment following a 90-day due diligence period, the project would represent its first venture into a carbonatite hosted REE asset.
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Moma, one of the world’s biggest titanium mineral deposits, is located 160km from the city of Nampula in Mozambique, Africa. It is owned and operated by Kenmare Resources. The mine contains the titanium minerals ilmenite, rutile and zircon, which are used as feedstock to produce titanium dioxide pigment. It started production of heavy mineral concentrate (HMC) containing these three minerals in April 2007. It produced 1,201,100t of HMC and shipped approximately 853,100t of finished products...
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In the light of Mozambique’s natural resources boom—especially its large-scale investments in mining, oil, and gas—this paper analyses the prospects for the extractive industries to contribute to economic transformation from an institutional perspective. To this purpose, we address the institutional dynamics of the resources sector and consider the underlying causes of the identified outcomes. The National Development Strategy, as the instrument presenting the vision for economic...
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Face ao boom de recursos naturais em Moçambique — em especial dos seus grandes investimentos em exploração mineira, petróleo e gás —, este documento analisa a perspectiva de as indústrias extractivas contribuírem para a transformação económica de um ponto de vista institucional. Para esse efeito, abordamos a dinâmica institucional do sector dos recursos e consideramos as causas subjacentes aos resultados identificados. É discutida a Estratégia Nacional de Desenvolvimento enquanto instrumento...
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The extractive industry, particularly the oil and gas sector, has proved promising in the Mozambican economy with potential to contribute to economic growth. It is expected that in the next 3 years the country will show growth in the order of two digits. However, in order to ensure the transmission of growth to economic development based on the exploitation of these resources, there are aspects that should not be ignored such as transparency in governance in the sector. This aspect is also...
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