Exports of natural resources such as natural gas and coal from Mozambique are still being held back by an ongoing and worsening lack of supporting logistics, such as port, rail and road facilities.
Mining house and trade union top officials started arriving in the city this morning for the crisis meeting with deputy president Kgalema Motlanthe in a bid to resolve the problems facing the mining sector.
British gold exploration and development company Nyota Minerals Limited has announced the discovery of a new gold anomaly at the company's wholly-owned northern block exploration areas in western Ethiopia.
Coal India Mozambique, a subsidiary of Indian state company Coal India Limited, plans to launch the second phase of coal prospecting in Mozambique in which it plans to invest US$60 million, following the good results of its first phase exploration programme.
After years of on-off talks, months of brinksmanship and often bitter negotiations, Glencore's head Ivan Glasenberg gets to complete the US$30 billion acquisition of Xstrata today ‒ the mining industry's biggest takeover yet.
