South32 has reported a 5% increase in its aluminium production for the first quarter of the financial year, reaching a total output of 298,000 tonnes. This surge is attributed mainly to its South African Hillside Aluminium smelter, which has remained a linchpin in the company’s global operations. The uptick is part of South32’s broader strategy […]
Abu Dhabi National Oil Company (ADNOC) has marked a significant stride in its international expansion by acquiring a 10% interest from Galp in the Area 4 concession of the Rovuma Basin in Mozambique. This acquisition, pivotal in ADNOC’s international growth strategy, entitles ADNOC to a share of the liquefied natural gas (LNG) production from the […]
In a devastating maritime disaster, at least 94 individuals have lost their lives after an overcrowded makeshift ferry sank off the north coast of Mozambique, as reported by the news agency AFP. The incident occurred on Sunday, April 7, highlighting the grave dangers associated with unsafe maritime transport in the region. The ferry, a converted […]
Globeleq, the leading independent power company in Africa, has made a significant stride in expanding its renewable energy portfolio in Mozambique. The company has completed its acquisition of a 52.5% stake from Scatec ASA and a 22.5% stake from KLP Norfund in the 41 MW Central Solar de Mocuba solar PV power plant (Mocuba). Electricidade […]
A consortium comprising EDF (40%), TotalEnergies (30%), and Sumitomo Corporation (30%) has been selected as a strategic partner by the Government of Mozambique for the Mphanda Nkuwa hydropower project (MNK). Located on the Zambezi River, near Cahora Bassa and Tete City, Mphanda Nkuwa hydropower project is envisaged as a 1,500 MW run-of-river hydropower project. The […]
Gravita India Ltd, a Jaipur-based recycling company, said that one of its step down subsidiaries in Mozambique has begun commercial production of aluminum from its new recycling plant. The new recycling plant in Mozambique has an annual capacity of nearly 4,000 MTPA, adding to the company’s existing lead recycling facility of 4,500 MTPA. Gravita India […]
The Mozambique Area 1 LNG project, which is being planned to be developed by Total and its partners with an investment of $20 billion-$24 billion, has secured a financing commitment of $400 million from the African Export-Import Bank (Afreximbank). The amount from the multilateral trade finance institution will be in the form of guarantees and […]
French oil and gas giant Total has secured financing for the $20 billion Mozambique LNG project with the signing of a $14.9 billion senior debt financing. The project, which represents the first onshore LNG development in Mozambique, calls for the development of the Golfinho and Atum natural gas fields in Offshore Area 1 concession and […]
Mozambique LNG project FID : Anadarko Petroleum and its Mozambican Offshore Area 1 partners have made a final investment decision (FID) on the Mozambique LNG project, an onshore natural gas liquefaction project to be developed with an investment of $20 billion in Cabo Delgado province. As per the latest oil and gas industry news, the […]