A Galp Energia refinery is seen near Sines, file. Reuters/Rafael Marchante
Exclusive-Galp to hold off on LNG investment until Mozambique ensures security

Portugal's Galp Energia , a partner in an Exxon Mobil-led gas consortium in Mozambique, will not invest in onshore plants there until authorities guarantee security and social stability, which may take time, CEO Andy Brown told Reuters.

By Sergio Goncalves 3 days ago

The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. Reuters/Washington Alves
Vale to pay $2.5bn to settle liabilities in Mozambique mine corridor

Miner Vale SA will settle in advance liabilities of around $2.5bn related to the project finance for the Nacala logistic corridor (CLN) that serves a coal mine in Mozambique, the company said in a securities filing on Tuesday.

By Marta Nogueira 9 Jun 2021

Mozambique launches construction of $1bn power plant, transmission line
Mozambique launches construction of $1bn power plant, transmission line

Mozambique on Monday, 31 May, began construction of gas-to-power plant and transmission line projects worth $1bn in the southern province of Inhambane as the government aims to boost energy supply.

1 Jun 2021

Let's do Biz