News
  News
        Home Page
        High Commission
        Government
        Information and Activities
        Consular Affairs
        Bilateral Relations
        Trade & Investment
        Tourism

  Investment
      







   News Archive News
news
    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)
 
 
  23 October, 2014  
 
Government launches hydrocarbon licensing round in London
 
The Mozambican government, through its National Petroleum Institute (INP), on Thursday launched the fifth licencing round for exploration and production of hydrocarbons in fifteen blocks.

 
  20 October, 2014  
 
Parallel count projects majority to Filipe Nyusi
 
The parallel count of the votes in last Wednesday’s Mozambican general elections still gives the ruling Frelimo Party and its presidential candidate Filipe Nyusi a substantial lead over their main rivals, Renamo and its candidate Afonso Dhlakama.

 
  8 October, 2014  
 
Government to take back unused land
 
The Mozambican government is threatening to take back land allocated to private individuals and companies which have not complied with the plans presented when they requested title to the land.

 


  Archives
News Archive
Picture Archive




 BCS