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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)
 
 
  29 September, 2016  
 
Pedro Couto becomes hew head of Cahora Bassa company
 
Mozambique’s Minister of Mineral Resources and Energy, Pedro Couto, left the government on 29 September to take up the position of chairperson of the Board of Directors of Hidroelectrica de Cahora Bassa (HCB), the company that operates the Cahora Bassa dam on the Zambezi River.

 
  28 September, 2016  
 
ENI seeking funding for FLNG vessel
 
The Italian energy company ENI is seeking funding for the construction of the floating liquefied natural gas (FLNG) vessel which will supply the world’s markets with gas from Offshore Area Four in the Rovuma basin off the northern coast of Mozambique.

 
  27 September, 2016  
 
Coal India seeking new blocks in Mozambique
 
The state-controlled mining company Coal India, the largest coal producer in the world, is seeking new exploration licences in Mozambique

 


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