Search Results for: Mozambique

BY KEITH NUTHALL

THE MULTILATERAL Investment Guarantee Agency, or MIGA, is the international organisation companies turn to when they want to invest in a jurisdiction where their assets might not be that safe. Mining companies have long used MIGA to cover risks that are too tasty for the private insurance industry, and the agency has issued 58 guarantees for the sector since it was formed in 1988.…

BY RICHARD HURST, in Johannesburg

THE PAINT and coatings industries in the Southern African states of Botswana, Namibia, Zimbabwe, Swaziland, Lesotho and Zambia are closely linked to that of the regional economic giant South Africa in the that the major manufacturing plants are located in the industrialised area of South Africa’s Gauteng province with branch offices in the neighbouring states acting as agents for the parent companies in South Africa.…

BY KEITH NUTHALL
A CONSORTIUM headed by Brazil’s Companhia Vale do Rio Doce (CVRD) has been chosen by the World Bank’s International Finance Corporation to exploit the Moatize Coal Deposit in Tete Province, Mozambique. It had bid US$122.8 million to explore and mine 21 million tonnes annually.…

BY KEITH NUTHALL
HIV and AIDS are so-ravaging southern Africa that local life expectancy rates are tumbling to where 30-year-olds are considered old men. The United Nations Development Programme (UNDP) has reported cataclysmic falls in life expectancy in Zambia, where 32.7% HIV infection rates for adults aged 15-49 has cut average mortality ages from 47.4 in 1990 to 32.7 in 2002.…

BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has admitted Mozambique to the EU’s sugar market access agreement with producing countries in the African-Caribbean-Pacific (ACP) block.…

BY KEITH NUTHALL
A GROUP of least developed countries have called on the European Union to increase by 20 times within 10 years the amount of sugar it imports duty-free. Sudan, Mozambique, Bangladesh and Nepal want duty-free quotas raised to more than 1.6 million tonnes by 2012/13.…

BY RICHARD HURST
MINING and minerals corporation BHP Billiton has announced that it is in the early stages of further expanding existing smelters in South Africa and Mozambique. Don Argus, BHPB chairman, speaking at the inauguration of a US$412 expansion on the Hillside smelter near the Natal port of Richards Bay, said that the success of his company’s two southern African projects had prompted the company to seek additional opportunities.…

BY KEITH NUTHALL
MOZAMBIQUE will be admitted to the European Union’s special sugar market access agreement with producing countries in the African-Caribbean-Pacific (ACP) block of (mostly) former colonies, following a European Commission inquiry into its sugar export industry.…

BY KEITH NUTHALL
MOZAMBIQUE will be admitted to the European Union’s special sugar market access agreement with producing countries in the African-Caribbean-Pacific (ACP) block of (mostly) former colonies, following a European Commission inquiry into its sugar export industry.…

BY RICHARD HURST
MOZAMBIQUE President Joachim Chissano has announced that his country would begin initiating steps to become involved in the downstream activities of aluminium production. Speaking at the inauguration of the Mozal II project in Maputo on Thursday (9-10), Chissano revealed that his government had been engaged in talks with various investors to fund aluminium-manufacturing facilities.…