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Mozambiquehub

Angola spends too much foreign currency on imports of food products

23 May 2019
The National Bank of Angola provided US$583 million in the first quarter to import food and US$198.1 million to import goods and services, said director Pedro Castro e Silva on Wednesday in Luanda.

Cahora Bassa hydroelectric facility sells 2.5% of its shares on the stock exchange

21 May 2019
Mozambique's Cahora Bassa hydroelectric facility (HCB) will sell 2,5% of the shares representing its share capital in a public sale reserved for Mozambican citizens and companies, the company's chairman said on Monday in Maputo.

Dingsheng Minerals to start exporting minerals mined in Mozambique in 2020

21 May 2019
Chinese company Dingsheng Minerals plans to start exporting 600,000 tonnes of ores extracted from Chibuto's heavy sand deposits in Mozambique in 2020, the Mozambican Transport and Communications Minister announced.

Insurance companies take a stake in BIG Moçambique bank

16 May 2019
Mozambican bank BIG Moçambique carried out a capital increase by taking on three new shareholders, insurance companies Hollard and Global Alliance of South Africa and Empresa Moçambicana de Seguros from Mozambique, the bank's executive director Mário Bolota said.

Trade between China and Portuguese-speaking countries increases by 11.62% in the first quarter

15 May 2019
Trade between China and the Portuguese-speaking countries grew 11.62% in the period from January to March 2019 to US$33.696 billion, according to official Chinese figures released by Forum Macau.

Government of Mozambique approves Rovuma LNG project development plan

15 May 2019
The Mozambican government has approved the development plan for the Rovuma LNG project to explore natural gas deposits in the Mamba zone of the Rovuma Basin Area 4 block, Italian group ENI said in a statement released in Milan.

Anadarko Petroleum announces new contract for the sale of natural gas to be extracted in Mozambique

14 May 2019
The Mozambique LNG1 Company has signed a natural gas purchase agreement with JERA Co. of Japan and CPC Corporation of Taiwan, the Anadarko Petroleum Corporation reported in Houston.

French group Total expected to be the new operator of the Area 1 block in Mozambique

10 May 2019
French oil group Total is expected to become the new operator of the Rovuma Basin Area 1 block in Mozambique after Chevron Corp. gave up buying Anadarko Petroleum Corp., according to reports released in the United States.

Anadarko Petroleum announces final investment decision in Mozambique on 18 June

10 May 2019
The consortium led by the Anadarko Petroleum Corporation on 18 June in Maputo will announce the final investment decision for the natural gas exploration project in the Rovuma basin, the group announced in a statement issued in the Mozambican capital.

Anadarko Petroleum resumes activity in Mozambique following security assurances

8 May 2019
The Anadarko Petroleum group on Wednesday resumed its activities in the north of Mozambique for the exploration of natural gas deposits in the Area 1 Block of the Rovuma basin, the group's chief executive said on Tuesday in Maputo.

Chevron Corp has until 10 May to present a new proposal to buy Anadarko Petroleum

8 May 2019
The Chevron Corp group has until 10 May to propose a review of its merger agreement with the Anadarko Petroleum Corp. group or to submit another proposal, Anadarko said in a statement issued on Tuesday in Houston.

Forum Macau wants more tourist cooperation with Portuguese-speaking countries

7 May 2019
Boosting exchange and cooperation in the areas of tourism, conventions and exhibitions is a key task in the framework of Forum Macau, the Secretary-General of Forum Macau said on Monday.

Occidental Petroleum Corp sells assets of Anadarko Petroleum in Mozambique to French group Total

6 May 2019
The Occidental Petroleum Corporation group will sell Anadarko Petroleum's oil and gas assets in Africa, notably in Mozambique, to French group Total for US$8.8 billion under a deal released on Sunday.

State Ports and Railways of Mozambique invest in the reconstruction of the line to Zimbabwe

6 May 2019
Mozambican port and railway company CFM will invest US$200 million in the reconstruction of the Machipanda line to provide better services and to process more cargo for landlocked countries, such as Zimbabwe, announced the chairman of the state company.

Anadarko Petroleum resumes negotiations with Occidental Petroleum Corporation

2 May 2019
Anadarko Petroleum will resume negotiations with the Occidental Petroleum Corporation as the latter's bid proposal is higher than that put forward by the Chevron Corporation, Anadarko said in a statement.

The Navigator Company group registers impairment due to project in Mozambique

30 April 2019
The Navigator Company group reported an impairment of 6.7 million euros and an additional provision of 12 million euros in 2018 due to its project in Mozambique, the Portuguese group said.

Companies from China are willing to raise funds for construction projects in Mozambique

26 April 2019
Chinese companies are willing to raise funds to finance development projects in Mozambique, as long as they fall under the government's annual or five-year plans, said the Minister of Transport and Communications in Beijing.

The Greater Bay Area is a challenge for Portuguese-speaking countries, says Forum Macau official

26 April 2019
The deputy secretary general of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries, Rodrigo Brum said on Thursday that Macau's role in the Greater Bay Area (GBA) is, among other things, to be the link to Portuguese-speaking countries.

Mozambique wants to play an active role in the “Belt and Road” initiative

25 April 2019
Mozambique intends to play an active role in building the Chinese "Belt and Road" initiative, President Filipe Nyusi said on Wednesday in Beijing as he was received by his Chinese counterpart Xi Jinping, according to the official Chinese press.

Anadarko Petroleum Group receives new purchase proposal

25 April 2019
The Occidental Petroleum Corporation group has offered US$76 a share, half cash and half in shares, to buy the Anadarko Petroleum group, the company said in a statement released in Houston.
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