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    24 October, 2013
EDM signs agreement with Baobab Resources
 
London, 24 Oct (AIM) - The British company Baobab Resources on Thursday announced that it will jointly commission with Mozambique’s publicly owned electricity company, EDM, a detailed study for the power requirements of it pig iron project in the western province of Tete.
 
The memorandum of understanding (MoU) follows the Mozambican government’s unconditional approval of Baobab’s environmental impact scoping report.
 
Baobab is looking at a range of scenarios that could see Mozambique host the largest pig iron operation in the world.
 
It is planning to produce low impurity pig iron using ore from its Tenge/Ruoni deposit in Tete and locally mined thermal coal. It is currently focusing on the feasibility of building a facility to produce two million tonnes of pig iron per year
 
In Thursday’s announcement, the company added that it has discovered a significant limestone/dolomite deposit five kilometres to the northwest of the Tenge/Ruoni resource block. Samples are now being tested to see if this rock is suitable to be used as a flux in the iron making process.
 
Baobab’s managing director Ben James told AIM that “this MoU shows that EDM is not only taking this project seriously but also that it has a clear interest in working with Baobab to come up with a mutually beneficial power structure for Baobab's Tete Pig Iron Project”.
 
He added, “we are in Mozambique to make a positive difference for the country and its people, and part of that responsibility is making sure we are sensitive to the local environment. So we are very pleased that our environmental impact scoping report has been unconditionally approved by the Mozambican authorities”.
 
The Tete pig iron, vanadium and titanium project is 85 per cent owned by Baobab, with a 15 per cent share held by the International Finance Corporation (IFC), the member of the World Bank Group that focuses on the private sector in developing countries.

Pig iron is an intermediate product mainly used in the production of steel.
(AIM)
 
 
  2 June, 2016  
 
Grain production falls by almost five per cent
 
Mozambique’s Minister of Agriculture and Food Security, Jose Pacheco, announced on Thursday that the data for the 2015-16 agricultural campaign show production of 2.39 million tonnes of grain – a decline of 4.8 per cent on the 2015 harvest of 2.51 million tonnes.

 
  1 June, 2016  
 
Plans to increase grain storage capacity
 
The government has approved a plan to restructure the state-owned Matola Silos and Grain Terminal Company (STEMA), increasing its storage capacity to 110,000 tonnes, and to set up a new grain terminal in the northern port of Nacala.

 
  30 May, 2016  
 
Record electricity production at Cahora Bassa
 
Hidroelectrica de Cahora Bassa (HCB), the company that operates the Cahora Bassa dam on the Zambezi River in the western Mozambican province of Tete, has announced that it produced 16,078 gigawatt-hours of electricity in 2015.

 


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