The Mozambican government has approved extending Kenmare Resources’ agreement to process and export heavy mineral sands from Moma, Nampula province, until 2044. Royalties will rise in stages to 5%, while the company plans to invest at least $200 million and allocate $50 million to social projects, according to Carta de Moçambique, citing Miningmx.
The Mozambican government has approved extending Kenmare Resources’ agreement to process and export heavy mineral sands from Moma, Nampula province, until 2044. Royalties will rise in stages to 5%, while the company plans to invest at least $200 million and allocate $50 million to social projects, according to Carta de Moçambique, citing Miningmx.
Nigeria says its mining agreement with the United States is intended to attract investment and technology, without transferring ownership of its resources or representing a $700 billion sale. Minister Dele Alake defended the partnership during the inauguration of a bilateral committee in Abuja.
The Arewa Consultative Forum has asked the Nigerian government to publish the terms and benefits of the $700 billion mining agreement with the United States. Its spokesperson Tukur Mohammed-Baba says transparency is needed to prevent mistrust, according to an interview broadcast by Arise Television.
US firm Von Batten-Montague-York is asking the US State Department for the signed text of the mining agreement with Nigeria and documents about its negotiation. The request aims to clarify the commitments made and protections for communities, while the $700 billion figure refers to Nigeria’s estimated mineral resources, according to Business Day Nigeria.
Kenmare Resources, which operates the Topuito heavy mineral sands mine in Nampula province, says it has not received official confirmation from the Mozambican government on the renewal of its mining agreement. The initial agreement expired on 21 December 2024, but existing rights remain in force until the process is complete, the company said in a statement reported by AIM.