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Sasol-led consortium makes two significant gas finds off Mozambique

Maputo - A consortium of South African and Mozambican energy companies have discovered two significant natural gas deposits off the coast of central Mozambique's Inhambane province, a local newspaper reported this week. Minister of Natural Resources Esperanca Bias was quoted by the daily Noticias newspaper on Monday as saying that the reservoirs were found at a depth of 1.3 kilometres....

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New Gas Fields Discovered in Inhambane

... no estimate of how much gas the new fields may contain.Mozambique's Minister of Mineral Resources, Esperanca Bias, cited in Monday's issue of the Maputo daily "Noticias", said that the concession to search for natural gas in the two blocks was granted to the consortium in June 2005.So far the consortium has invested about 100 million US dollars in the two blocks, half of which was...

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Mining Set to Grow in Importance in GDP

Although mining is currently making only a modest contribution to Mozambique's Gross Domestic Product (GDP), this is likely to rise significantly in the near future, the Minister of mineral Resources, Esperanca Bias, said on Thursday.

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Mozambique Government Threatening to Cancel Mining Concessions

The Mozambique Government has said it would cancel mining concession in cases where concession-holders are not yet exploring the mines as required by law to do so after a certain period of being issued the mining rights. Mineral Resources Minister Esperanca Bias told reporters that some companies that were granted concessions to mine gold and other [...]

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Government Threatens to Cancel Unused Gold Mining Licences

Mozambique: Government Threatens to Cancel Unused Gold Mining LicencesThe Mozambican government is demanding more work by companies licensed to mine for gold and other metals in the country, such as nickel, aluminium, copper, zinc, and lead, and has threatened to cancel the licenses of those who are not using them.Mineral Resources Minister Esperanca Bias noted on Wednesday that many...