Mozambique

JSW Steel will develop Minas de RevuboA coking coal mine in Mozambique in phases, a company statement said. Located in the Moatize coal basin of the Tete Province, Minas de RevuboA has 850 million tonne (MT) of reserves, and the potential to yield 250 MT of usable coking coal. JSW Steel said it will develop the mine in phases, with the first phase expected to be developed over the next 2.5 years to produce 2.4 million tonne per annum (MTPA) prime hard coking coal. The project is a step towards JSW Steel's backward integration strategy and is expected to provide long-term supply assurance for one of the most critical and cost-intensive inputs in steel manufacturing. India's domestic premium coking coal resources remain limited, making captive overseas sourcing a strategic imperative. "As we grow to 50 MTPA steel capacity in India by 2030, we hope that this asset will provide strategic and diversified raw material security and cushion JSW Steel against volatile global coking coal ..

A 53-month-long force majeure at Mozambique's giant LNG project, where Indian firms hold a 30 per cent stake, has ended, enabling the start of work at the USD 21 billion project, ONGC Videsh Ltd said on Wednesday. Operator and French energy giant TotalEnergies and its partners lifted the force majeure on the project in Mozambique, which had been in place since mid-2021 due to deteriorating security in the northern Cabo Delgado Province of the African nation. TotalEnergies last week said the LNG deliveries can start by 2029. "Security situation in Cabo Delgado Province (CDP), north of Mozambique, Area 1 Mozambique LNG Project has significantly improved, and Area 1 Mozambique LNG consortium has accordingly notified the Government of Mozambique to end the Force Majeure which was declared on May 11, 2021," OVL said in a statement. "Withdrawal of the force majeure enables construction activities to restart for early completion of the project." ONGC Videsh Ltd, the overseas investment ar

The boat, which was carrying a total of 14 Indian nationals, overturned in the waters off Beira under yet-to-be-determined circumstances

he said, "We are really very happy that Dr S Jaishankar, the Minister of External Affairs of the government of India, came and graced the occasion. It's a big honour for us

Covering 2.6 million acres, the Mozambique Rovuma Area-1 Offshore project will see integrated gas fields development and has estimated recoverable reserves of 75 trillion cubic feet of natural gas

JSW Steel Ltd. run by Sajjan Jindal - agreed in May to buy Minas de Revuboe from the estate of Ken Talbot, an Australian mining tycoon

The death toll has risen to more than 200 since the unrest began on Oct. 21, according to data from Decide Platform, a local monitoring group, and local authorities

The US called the electoral process "flawed," while the European Union pointed to "irregularities during counting of votes and unjustified alteration of election results."

The Indian Navy, under the ongoing extended operational deployment to Africa, has deployed INS Sumedha in Maputo, Mozambique

Union Minister of Petroleum and Natural Gas Hardeep Singh Puri has said that India's partnerships with nations around the world continue to grow further under Prime Minister Narendra Modi's leadership. He made the statement as he arrived in Mozambique.Upon his arrival in Mozambique, Hardeep Singh Puri was welcomed by a traditional dance troupe. In a statement posted on X on Saturday, Hardeep Singh Puri stated, "Received a warm & traditional welcome upon arrival in Maputo today. India's partnerships with countries around the world continue to further grow & strengthen under the leadership of PM @narendramodi."Notably, India and Mozambique enjoy warm and substantive ties with Mozambique. Trading links between Mozambique and the western states of India go back several Centuries and pre-date the colonial era, according to the Ministry of External Affairs.These ancient people-to-people links have been further built upon in modern times, to forge a strong bilateral relationship .

The settlement included most of the creditors involved in funding a 2013 loan to ProIndicus, a state-owned Mozambican company, UBS said

India is ready to take its "time-tested" relationship with Mozambique to a new level, External Affairs Minister S Jaishankar has said, underscoring that New Delhi's policies will be guided by the priorities and interests of its partners in their quest for development. Addressing the Indian community here on Thursday, Jaishanakar, said the bilateral relationship in the past seven years has changed profoundly. "This is a very time-tested relationship. It is a historic relationship. It is a relationship that goes back to the time when Mozambique was fighting for its freedom. For many decades, our leaders, our people, and our societies have shared a lot, we have bonded very deeply," the minister, who arrived here on his maiden official visit, said. And even today as the two nations pursue their developmental paths there is a lot that the two can do for each other, he said. The strong sense of solidarity between the two nations is the defining characteristic of the bilateral relationshi

India and Mozambique on Monday reviewed the multi-faceted bilateral relationship including political exchanges, development partnership projects, defence and security cooperation during the second round of Foreign Office Consultations held here.The Indian side was led by Puneet R. Kundal, Joint Secretary (East & Southern Africa) and the Mozambican side was led by Ismael Valigy, Director for Asia and Oceania in the Ministry of Foreign Affairs and Cooperation of Mozambique.An External Affairs Ministry release said the two sides also exchanged views on global developments and issues of common interest including cooperation in the United Nations, South African Development Cooperation (SADC)and the African Continental Free Trade Area (AfCFTA).India and Mozambique sides agreed to enhance people-to-people exchanges, and cultural cooperation."During the FOC, both delegations reviewed the multi-faceted bilateral relationship, covering political exchanges, development partnership ...

Over 500 workers at a coal mine in Mozambique owned by a subsidiary of an Indian company have been on strike for a week, the company said in a statement

Total, which aimed to produce its first cargo from the project in 2024, suspended work on March 27 after the militant attack

The talks between the energy majors also involve the Mozambican government as it has to give final approval to any new agreement

Mozambican security forces have been battling a low-level insurgency against militias suspected of having links to Islamic State in the gas-rich north of the country

Export-Import Bank of India (Exim Bank) on Friday said it has extended a $250-million line of credit to Mozambique for improving power supply quality in the country

Dhoot has been earlier booked by the CBI in the Videocon-ICICI bank loan case.

Bharat PetroResources Ltd (BPRL), an exploration and production subsidiary of BPCL, had in August 2008 bought a 10 per cent stake in Area-1 Offshore of the Rovuma Block