Grindrod to inject $80 mln in Mozambique port

(Reuters) - Mozambique said on Wednesday it had given the green light for South African shipping and logistics company Grindrod to invest $80 million to expand coal and car handling at the port of Maputo.

Transport and Communications Minister Antonio Munguambe told Reuters that Grindrod, which owns 95 percent of the coal terminal and 12 percent of Maputo Port, had focused on the port's expansion to relieve congestion at South African ports.


Read more at Reuters Africa

Universal Cuts World Burley Tobacco Estimate on Mozambique and Malawi

(Bloomberg) -- Universal Corp., the world's biggest
tobacco-leaf merchant, slashed its forecast for global
production of burley tobacco by 5.9 percent after reassessing
crop estimates for Malawi and Mozambique.

The company, based in Richmond, Virginia, forecast a world
burley tobacco crop of 657 million kilograms (1.45 billion
pounds) this year in an e-mailed report on June 22. That
compares with a forecast of 698 million kilograms made last
month.


Read more at Bloomberg Commodities News

Kenmare sees first Mozambique exports July - paper

(Reuters) - Irish mining group Kenmare Resources plans to make the first shipments from its titanium project in Mozambique next month, a newspaper report said on Tuesday.

The company, listed in London and Dublin, said in April it had launched mining operations at its Moma Titanium Minerals Mine.


Read more at Reuters Africa