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ICVL likely to submit $200 mn bid for Rio Tinto Mozambique

Last Updated: Tuesday, July 01, 2014, 20:24

The mines have estimated reserves of around 200 million tonnes of both coking and thermal coal.

Mozambique presidential candidate campaigns from bush hide-out

Last Updated: Tuesday, June 24, 2014, 16:58

Mozambican opposition leader Afonso Dhlakama will launch his presidential election campaign by telephone from his remote mountain hideout, his spokesman said Tuesday.

ICVL team in Mozambique to tap coal assets for acquisition

Last Updated: Monday, June 23, 2014, 18:16

ICVL had earlier evinced interest to acquire Riversdale Mining's coal mines in Mozambique owned by Rio Tinto.

CIL to form consultants' panel for overseas mines acquisition

Last Updated: Tuesday, June 03, 2014, 20:33

Coal India plans to form a panel of consultants which would help the PSU in acquiring, developing and operating coal mines overseas.

Mozambique mulls sovereign wealth fund

Last Updated: Friday, May 30, 2014, 06:29

Mineral-rich Mozambique is considering the establishment of a sovereign wealth fund, the country`s finance minister said Thursday.

5 miners killed, dozens trapped in illegal Mozambique gold mine

Last Updated: Thursday, May 15, 2014, 21:59

Mozambique police said Thursday at least a dozen people were trapped underground after an illegal mine collapsed in the northern district of Memba, killing five miners.

BPCL, ONGC shares gain on Mozambique asset hopes

Last Updated: Wednesday, May 07, 2014, 11:06

Anadarko revised the total estimated recoverable resources from its Offshore Area 1 (Rovuma basin) to a range of 50 to 70-plus trillion cubic feet of natural gas from 45-70 plus tcf earlier.

ONGC's Mozambique gas field holds larger reserves at 50-70 tcf

Last Updated: Tuesday, May 06, 2014, 18:58

Oil and Natural Gas Corp's (ONGC) giant gas field in Mozambique holds 50 to 70 trillion cubic feet (Tcf) of recoverable reserves, 43 percent more than the minimum estimated resources when it invested USD 4.12 billion.

CIL invites bids for 3rd phase of drilling mines in Mozambique

Last Updated: Tuesday, April 29, 2014, 16:08

Taking forward its plans to develop mines in Mozambique, state-owned Coal India Ltd (CIL) has invited bids for the third phase of drilling in the African nation.

OIL to borrow $900 million to refinance Mozambique stake loan

Last Updated: Monday, April 07, 2014, 21:32

State-owned Oil India Ltd plans to raise USD 900 million in foreign debt to refinance a loan taken to fund its share of a stake in a super-giant Mozambique gas field acquired jointly with ONGC.

Origin of southern India unveiled

Last Updated: Wednesday, March 12, 2014, 15:48

Approximately 550 million years ago, a large ocean (the Mozambique Ocean) existed between the Indian craton and the continental fragments now making up most of Madagascar and East Africa.

ONGC's Mozambique gas field holds larger reserves at 45-70 tcf

Last Updated: Tuesday, March 11, 2014, 18:27

Oil India Ltd has a 4 percent stake and a unit of BPCL owns 10 percent in the block.