Brazilian Mining Giant Buys Into Northern Railway

Maputo, Sep 27, 2010 (Agencia de Informacao de Mocambique/All Africa Global Media via COMTEX) --

The Brazilian mining giant Vale announced on Tuesday the purchase of 51 per cent of Mozambique's Northern Corridor Development Company (SDCN).

SDCN is the private consortium which is the partner of Mozambique's publicly owned port and rail company (CFM) in the Nacala port and rail systems in the north of the country. The lease on the Nacala systems is held by the Northern Development Corridor (CDN), in which 51 per cent of the shares are owned by SCDN and 49 per cent by CFM.
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Zambezi River, in Mozambique, needs to be navigable in order to transport large amounts of coal [ 2010-09-29 ]

Maputo, Mozambique, 29 Sept – The Zambezi River, in central Mozambique will need to be made navigable by 2012 in order for it to be possible to transport coal along it, the chairman of the Mozambican Association for Coal Development (AMDC) said Tuesday in Maputo.

With coal mining at Moatize, in the central province of Tete, carried out by mining companies Vale (Brazil) and Riversdale Mining (Australia), Mozambique expects to start producing over 20 million tons of coal per year in the next five years.



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Mozambique: Initial Phase of Moatize Mining By Early November

29 September 2010

Maputo — The initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and the first coal exports from the Moatize basin should occur in the first half of 2011, according to the Deputy Minister of Mineral Resources, Abdul Razak Noormahomed.


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Malawi on track with IMF

Malawis performance under the IMF Extended credit facility has been satisfactory and achieved most agrred upon goals
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Top Exec Pay 100 Times Lowest Paid Worker in Malawi

Kenneth Guillame, Big4.com Staff Reporter

10 September 2010
In Malawi, executives are paid 106.7 times more per month than the lowest paid workers - the largest pay gap currently in Southern Africa. The country also shows the most difference in gradient of salary structure between basic salary and total gross compensation,
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G-Mobile of Malawi gets $30m capital injection

PRIVATE equity investor Musa Capital is investing about $30m in Malawi’s third cellphone operator, G-Mobile, and is eyeing similar investments in other African countries, including SA.

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Food insecurity persists in southern Malawi as lack of operational funds delays assistance

718,000 people remain moderately to highly food insecure and are surviving on food obtained using desperate coping mechanisms in the southern area of Malawi.

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Tobacco earns Malawi US$308 million in five months

TO READ MORE CLICK HEREAPA-Lilongwe (Malawi) Tobacco Control Commission of Malawi (TCC), a tobacco regulatory body in the country, on Wednesday said it has realised over MK54billion (US$308million) from 110million kilograms of tobacco sold since the onset of the product’s selling season in May.