Australian mining company Mustang Resources Limited has announced the discovery of high-grade graphite at its Caula project in the northern Mozambican province of Cabo Delgado. According to a media statement issued by the Australian Securities Exchange-listed company, "spectacular grades of up to 26 per cent Total Graphitic Carbon demonstrate potential for Caula to become a low-cost supplier to the lithium battery industry."
The Portuguese hydrocarbon company, Galp, said its Board of Directors has approved the investment required for the first phase of development of the Coral South gas field in Area Four of the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado. Galp is one of the partners in Area Four where the Italian company ENI is the operator.
The Chief Executive Officer of Italian energy company ENI, Claudio Descalzi, has announced an initial investment of around US$10 billion in developing the Coral South gas field in Area Four of the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado. Speaking to the media here Monday after meeting Mozambican Prime Minister Carlos Agostinho do Rosario, he said the Coral South project would involve the drilling of six sub-sea wells which would be linked to a floating platform where liquefied natural gas will be produced.