NEWS

Qatar Petroleum enters oil prospecting in Mozambique

Qatar Petroleum has signed an agreement with US group Exxon Mobil to acquire a 10% stake in three maritime exploration blocks in Mozambique, the company said in a statement.

The consortium involved in the three blocks in the Angoche and Zambezi basins is now made up of ExxonMobil, as operator with a 50% stake, the Mozambican state-owned Empresa Nacional de Hidrocarbonetos with 20%, Russian group Rosneft, also with 20% and state-owned Qatar Petroleum with the remaining 10%.

Block A5-B in the Angoche basin covers an area of ​​6,450 square metres with a depth between 1,800 and 2,500 metres and blocks Z5-C and Z5-D in the Zambezi basin cover an area of ​​10,200 square kilometres with a depth of between 200 and 2,000 metres.

The statement from Qatar Petroleum said that this agreement signed with US group Exxon Mobil represents the first time the company has operated in the oil sector in Mozambique. (macauhub)

Government of Mozambique grants state guarantees to public companies

The Mozambican state’s business sector will have state guarantees to take on debt of up to 151.25 billion meticals (US$2.439 billion), according to the State Budget for 2019.

The largest state guarantee, almost 90% of the total, aims to secure a loan that Empresa Nacional de Hidrocarbonetos (ENH) will seek to raise in international markets to cover its participation in natural gas projects in the Rovuma basin, in the northern province of Cabo Delgado.

ENH also plans to raise 136.13 billion meticais (US$2.195 billion) for its contribution related to the 15% stake it holds in the Area 1 block, whose operator is US group Anadarko Petroleum.

Mozambican daily newspaper Notícias reported that this government decision aims to facilitate the final investment decision, which is expected to be taken by the consortium in the first half of 2019.

The remaining part of State backing and guarantees, amounting to 15.13 billion meticais, is intended to support other areas of the state business sector. (macauhub)

Anadarko Petroleum plans to contract insurance for operations in Mozambique

Anadarko Mozambique Area 1, Lda. Intends to contract insurance for natural gas extraction operations in northern Mozambique, according to an announcement published in the print edition of Maputo daily newspaper Notícias.

In the announcement published in the largest daily newspaper in Mozambique, the subsidiary of US group Anadarko Petroleum said that the insurance to be contracted is for both works on land and off the coast of the Afungi peninsula in the province of Cabo Delgado.

The company also plans to contract sea cargo insurance, covering physical damage to the materials during transportation, according to the announcement published in the newspaper’s Wednesday edition.

At the end of November, the US group announced that its subsidiary in Mozambique, on behalf of the associated partners in the Mozambique Offshore Area 1, had selected the consortium made up of TechnipFMC and VanOord for the engineering, acquisition, construction and installation of the submarine system at the natural gas project in Mozambique.

The Area 1 block is operated by Anadarko Mozambique Area 1, Ltd, a wholly-owned subsidiary of the Anadarko Petroleum group, with a 26.5% stake, ENH Rovuma Area One, a subsidiary of state-owned Empresa Nacional de Hidrocarbonetos (ENH), with 15%, Mitsui E&P Mozambique Area1 Ltd. (20%), ONGC Videsh Ltd. (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Limited (8.5%).(macauhub)

Syrah Resources achieves graphite extraction target in Mozambique in 2018

Syrah Resources is expected to reach the planned target of 101,000 – 106,000 kilogrammes of graphite concentrate by the end of the year, the Australian company said in a market filing.

In the statement, which announces significant improvements in the graphite extraction project in Balama, northern Mozambique, the company points out that in November it achieved an average level of 74% in graphite recovery, compared to 53% in the third quarter and 54% in September.

Syrah Resources said it was looking at the supply chain to reduce inventory, particularly at the port of Nacala.

“The results obtained at the Balama mine are proving to be solid,” the statement said, recalling the significant improvements introduced in the process of exploring graphite deposits.

Syrah informed the market last November it had signed two more graphite sales contracts, one of which with Chinese company Qingdao Freyr Graphite Co., Ltd, to supply 6,000 tonnes of coarse graphite flakes over the next 12 months.

The Australian company had announced a week before it had signed a contract to supply graphite to China’s Qingdao Taida-Huarun New Energy Technology Co. Ltd. under a binding contract to supply 20,000 tonnes.

Taida-Huarun New Energy Technology Co. Ltd., based in Qingdao, in China’s Shandong Province, develops and manufactures carbon-based products including graphite beads for battery production.

Syrah Resources is involved in a graphite extraction project in Balama, Cabo Delgado, northern Mozambique, which since the beginning of exploration and processing in November 2017 has produced more than 160,000 tonnes of graphite, much of which has already been exported through the port of Nacala, in the province of Nampula. (macauhub)

Mozambique receives US$83.4 million in auction for mobile telecommunications frequencies

The Mozambican government expects to collect US$83.4 million from the auction of frequencies for mobile telecommunications operators held in November, according to a recent official statement.

The Mozambican National Communications Institute said that Vodacom Moçambique, Movitel and Mcel (Moçambique Celular) were the mobile operators that took part in the auction for the allocation of rights to use frequencies in the bands of 800MHz, 1800MHz and 2.6GHz, held on 8 November in Maputo.

The statement said that the auctions for the five lots in the 1800 MHz band and the nine lots in the 2.6 GHz band were not attended, with bids being presented only for the nine lots in the 800 MHz band.

The payment of the lots will be made in phases, with the first installment, corresponding to 34% of the total amount calculated, to be paid when the frequencies are allocated, with the remaining two of 33% each in 2019 and 2020. (macauhub)

Trawlers from company in Shenzhen, China, fish in Mozambique

The six trawlers of Chinese company Yu Yi Industry Co. returned last week to a port in Shenzhen carrying the first shipment of fish caught in Mozambique, according to the SeaFoodSource website.

The arrival of the vessels carrying 359 tons of crustaceans and fish was welcomed locally by both the administration and the government of the special economic zone which set up Yu Yi Industry Co. by authorising the merger of the Shenzhen Hao Hang Yuan Yang Fishing Industry Co. and the Shenzhen Hai Zhi Xin Yuan Yang Fishing Industry Co., with the aim of revitalising the local fishing industry.

Chief Executive Zhang Zhiming said that with domestic catches falling in recent years, China had to expand fishing activity overseas, saying “the time has come to expand.”

The six trawlers that travelled 6,000 kilometres on their return from Mozambique are part of a growing fleet which in 2019 will have a total of 18 trawlers built in the last 12 months by the Hao Hang Yuan Yang Fishing Industry Co.

Yu Yi Industry Co. has recently signed a five-year fisheries agreement with Mozambique, the details of which have not been announced. (macauhub)

Ethiopian Airlines launches regular domestic flights in Mozambique

Ethiopian Mozambique Airlines has launched regular domestic flights in Mozambique under a strategy to operate in other African markets, the company’s chief executive said on Saturday.

Tewolde Gebremariam said Ethiopian Mozambique Airlines will connect eight domestic destinations in Mozambique: Maputo, Nampula, Tete, Pemba, Beira, Nacala, Quelimane and Chimoio.

“The start of the activity, which is under a partnership with Ethiopian Airlines, will promote air connections in Mozambique, thereby increasing the share of African airlines in the mainland market,” said Gebremariam during the inaugural flight that departed from Nacala to Maputo.

In September 2017, Ethiopian Airlines and Malawi Airlines were the two foreign companies selected to explore domestic air routes under a public tender launched by the Civil Aviation Institute of Mozambique (IACM) in April.

The union commission of Mozambican airline, Linhas Aereas de Mocambique (LAM) announced last week that it intends to prevent the Ethiopian Airlines from operating domestic flights in Mozambique through a subsidiary.

“The workers of LAM ask those who have the right to restore legality and take measures to safeguard national interests,” said the statement, quoted by Mozambican daily newspaper O País.(macauhub)

Fura Gems revises ruby asset purchase agreement in Mozambique

The purchase price of ruby assets in Mozambique by Canada’s Fura Gems from Australian companies Mustang Resources Ltd and Regius Resources Group Ltd has been reduced from 15 million to 7.8 million Australian dollars, the Canadian company said.

Fura Gems also reported that the price to be paid for the assets of Mustang Resources, now called New Energy Minerals, was also reduced from 9,999,999 to 2.8 million Australian dollars in treasury stock under a loan agreement for that amount granted to the Australian company.

In relation to this loan agreement, Fura Gems undertook a review of the merger agreement for ruby assets in Mozambique between its own subsidiary Cobadale Ltd, New Energy Minerals Ltd, Regius Resources Group Ltd and Montepuez Minerals Mauritius Ltd.

Last July, Fura Gems announced it would become the company with the largest licensed area, 1,104 square kilometres, for ruby exploration in Mozambique, following the completion of the merger of mining assets with Australian companies Mustang Resources Ltd and Regius Resources Group Ltd.

Under the agreement the Canadian company will acquire nine mining licenses held by those two companies for 15 million Australian dollars of which 3 million in cash and about 12.7 million in the company’s own shares. (macauhub)

NEWS

Qatar Petroleum has signed an agreement with US group Exxon Mobil to acquire a 10% stake in three maritime exploration blocks in Mozambique, the company said in a statement.

The consortium involved in the three blocks in the Angoche and Zambezi basins is now made up of ExxonMobil, as operator with a 50% stake, the Mozambican state-owned Empresa Nacional de Hidrocarbonetos with 20%, Russian group Rosneft, also with 20% and state-owned Qatar Petroleum with the remaining 10%.

Block A5-B in the Angoche basin covers an area of ​​6,450 square metres with a depth between 1,800 and 2,500 metres and blocks Z5-C and Z5-D in the Zambezi basin cover an area of ​​10,200 square kilometres with a depth of between 200 and 2,000 metres.

The statement from Qatar Petroleum said that this agreement signed with US group Exxon Mobil represents the first time the company has operated in the oil sector in Mozambique. (macauhub)

The Mozambican state’s business sector will have state guarantees to take on debt of up to 151.25 billion meticals (US$2.439 billion), according to the State Budget for 2019.

The largest state guarantee, almost 90% of the total, aims to secure a loan that Empresa Nacional de Hidrocarbonetos (ENH) will seek to raise in international markets to cover its participation in natural gas projects in the Rovuma basin, in the northern province of Cabo Delgado.

ENH also plans to raise 136.13 billion meticais (US$2.195 billion) for its contribution related to the 15% stake it holds in the Area 1 block, whose operator is US group Anadarko Petroleum.

Mozambican daily newspaper Notícias reported that this government decision aims to facilitate the final investment decision, which is expected to be taken by the consortium in the first half of 2019.

The remaining part of State backing and guarantees, amounting to 15.13 billion meticais, is intended to support other areas of the state business sector. (macauhub)

Anadarko Mozambique Area 1, Lda. Intends to contract insurance for natural gas extraction operations in northern Mozambique, according to an announcement published in the print edition of Maputo daily newspaper Notícias.

In the announcement published in the largest daily newspaper in Mozambique, the subsidiary of US group Anadarko Petroleum said that the insurance to be contracted is for both works on land and off the coast of the Afungi peninsula in the province of Cabo Delgado.

The company also plans to contract sea cargo insurance, covering physical damage to the materials during transportation, according to the announcement published in the newspaper’s Wednesday edition.

At the end of November, the US group announced that its subsidiary in Mozambique, on behalf of the associated partners in the Mozambique Offshore Area 1, had selected the consortium made up of TechnipFMC and VanOord for the engineering, acquisition, construction and installation of the submarine system at the natural gas project in Mozambique.

The Area 1 block is operated by Anadarko Mozambique Area 1, Ltd, a wholly-owned subsidiary of the Anadarko Petroleum group, with a 26.5% stake, ENH Rovuma Area One, a subsidiary of state-owned Empresa Nacional de Hidrocarbonetos (ENH), with 15%, Mitsui E&P Mozambique Area1 Ltd. (20%), ONGC Videsh Ltd. (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Limited (8.5%).(macauhub)

Syrah Resources is expected to reach the planned target of 101,000 – 106,000 kilogrammes of graphite concentrate by the end of the year, the Australian company said in a market filing.

In the statement, which announces significant improvements in the graphite extraction project in Balama, northern Mozambique, the company points out that in November it achieved an average level of 74% in graphite recovery, compared to 53% in the third quarter and 54% in September.

Syrah Resources said it was looking at the supply chain to reduce inventory, particularly at the port of Nacala.

“The results obtained at the Balama mine are proving to be solid,” the statement said, recalling the significant improvements introduced in the process of exploring graphite deposits.

Syrah informed the market last November it had signed two more graphite sales contracts, one of which with Chinese company Qingdao Freyr Graphite Co., Ltd, to supply 6,000 tonnes of coarse graphite flakes over the next 12 months.

The Australian company had announced a week before it had signed a contract to supply graphite to China’s Qingdao Taida-Huarun New Energy Technology Co. Ltd. under a binding contract to supply 20,000 tonnes.

Taida-Huarun New Energy Technology Co. Ltd., based in Qingdao, in China’s Shandong Province, develops and manufactures carbon-based products including graphite beads for battery production.

Syrah Resources is involved in a graphite extraction project in Balama, Cabo Delgado, northern Mozambique, which since the beginning of exploration and processing in November 2017 has produced more than 160,000 tonnes of graphite, much of which has already been exported through the port of Nacala, in the province of Nampula. (macauhub)

The Mozambican government expects to collect US$83.4 million from the auction of frequencies for mobile telecommunications operators held in November, according to a recent official statement.

The Mozambican National Communications Institute said that Vodacom Moçambique, Movitel and Mcel (Moçambique Celular) were the mobile operators that took part in the auction for the allocation of rights to use frequencies in the bands of 800MHz, 1800MHz and 2.6GHz, held on 8 November in Maputo.

The statement said that the auctions for the five lots in the 1800 MHz band and the nine lots in the 2.6 GHz band were not attended, with bids being presented only for the nine lots in the 800 MHz band.

The payment of the lots will be made in phases, with the first installment, corresponding to 34% of the total amount calculated, to be paid when the frequencies are allocated, with the remaining two of 33% each in 2019 and 2020. (macauhub)

The six trawlers of Chinese company Yu Yi Industry Co. returned last week to a port in Shenzhen carrying the first shipment of fish caught in Mozambique, according to the SeaFoodSource website.

The arrival of the vessels carrying 359 tons of crustaceans and fish was welcomed locally by both the administration and the government of the special economic zone which set up Yu Yi Industry Co. by authorising the merger of the Shenzhen Hao Hang Yuan Yang Fishing Industry Co. and the Shenzhen Hai Zhi Xin Yuan Yang Fishing Industry Co., with the aim of revitalising the local fishing industry.

Chief Executive Zhang Zhiming said that with domestic catches falling in recent years, China had to expand fishing activity overseas, saying “the time has come to expand.”

The six trawlers that travelled 6,000 kilometres on their return from Mozambique are part of a growing fleet which in 2019 will have a total of 18 trawlers built in the last 12 months by the Hao Hang Yuan Yang Fishing Industry Co.

Yu Yi Industry Co. has recently signed a five-year fisheries agreement with Mozambique, the details of which have not been announced. (macauhub)

Ethiopian Mozambique Airlines has launched regular domestic flights in Mozambique under a strategy to operate in other African markets, the company’s chief executive said on Saturday.

Tewolde Gebremariam said Ethiopian Mozambique Airlines will connect eight domestic destinations in Mozambique: Maputo, Nampula, Tete, Pemba, Beira, Nacala, Quelimane and Chimoio.

“The start of the activity, which is under a partnership with Ethiopian Airlines, will promote air connections in Mozambique, thereby increasing the share of African airlines in the mainland market,” said Gebremariam during the inaugural flight that departed from Nacala to Maputo.

In September 2017, Ethiopian Airlines and Malawi Airlines were the two foreign companies selected to explore domestic air routes under a public tender launched by the Civil Aviation Institute of Mozambique (IACM) in April.

The union commission of Mozambican airline, Linhas Aereas de Mocambique (LAM) announced last week that it intends to prevent the Ethiopian Airlines from operating domestic flights in Mozambique through a subsidiary.

“The workers of LAM ask those who have the right to restore legality and take measures to safeguard national interests,” said the statement, quoted by Mozambican daily newspaper O País.(macauhub)

The purchase price of ruby assets in Mozambique by Canada’s Fura Gems from Australian companies Mustang Resources Ltd and Regius Resources Group Ltd has been reduced from 15 million to 7.8 million Australian dollars, the Canadian company said.

Fura Gems also reported that the price to be paid for the assets of Mustang Resources, now called New Energy Minerals, was also reduced from 9,999,999 to 2.8 million Australian dollars in treasury stock under a loan agreement for that amount granted to the Australian company.

In relation to this loan agreement, Fura Gems undertook a review of the merger agreement for ruby assets in Mozambique between its own subsidiary Cobadale Ltd, New Energy Minerals Ltd, Regius Resources Group Ltd and Montepuez Minerals Mauritius Ltd.

Last July, Fura Gems announced it would become the company with the largest licensed area, 1,104 square kilometres, for ruby exploration in Mozambique, following the completion of the merger of mining assets with Australian companies Mustang Resources Ltd and Regius Resources Group Ltd.

Under the agreement the Canadian company will acquire nine mining licenses held by those two companies for 15 million Australian dollars of which 3 million in cash and about 12.7 million in the company’s own shares. (macauhub)

rfwbs-sliderfwbs-sliderfwbs-sliderfwbs-sliderfwbs-sliderfwbs-slide