Pathfinder Minerals responds to Jacinto Veloso
The British company Pathfinder Minerals took over control of its Mozambican subsidiary Companhia Mineira de Naburi (CMDN) at an extraordinary [...]
Published on 26 March 2012
Frelimo generals as mining industry go-betweens
Former generals who took part in Frelimo's struggle for independence in Mozambique in the 1970s have long traded in their uniforms for business suits. More recently, however, several have moved into the booming mining sector to act as go- betweens for big foreign groups. Their local connections, whether political or family in nature, make it easier for mining companies to win licenses and get around red tape. Such men as Jacinto Veloso, Alberto Joaquim Chipande and Tobias Dai have stood out as leading mining industry intermediaries. With the risk that some could demand excessive payments for their services. This report describe their operations and examines the web former generals have spun in the mining sector. And it provides some answers about who pulls the strings in Maputo.
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From battle dress to three piece suits
Taking their cue from President Armando Guebuza and his family, who have stakes several companies (see here), many former officers in the Mozambican army now lead very comfortable lives as businessmen. Over the years, they have creamed off the most [. [...]
MOZAMBIQUE 09/12/2011
Chipande’s allies in mining industry
After Nantulo Minas and Mineiras de Moçambique, retired General Alberto Joaquim Chipande is involved in creating a new mining company. [...]
MOZAMBIQUE 11/11/2011
Namoto Chipande
Nkutema Namoto Alberto Chipande, the son of Frelimo dignitary retired General Alberto Chipande, is, like his father, interested in the [...]
MOZAMBIQUE 14/10/2011
Jacinto Veloso's daughter in uranium
The daughter of former Frelimo dignitary Jacinto Soares Veloso has just formed a joint venture with a Canadian mining company. [...]
MOZAMBIQUE 14/10/2011
Montepuez Ruby Mining
The British mining company Gemfields specialising in precious stones has [...]
MOZAMBIQUE 11/10/2011
Mineral Sands: Pathfinder shifts into higher gear
Owner of the Naburi and Moebase mineral sands projects (ilmenite, zircon and rutile) since February, Pathfinder Minerals is due to [...]
MOZAMBIQUE 02/09/2011
Alexei Skrinnik is active in mining
The Russian Alexei Skrinnik has just created a new mining company in Maputo jointly with an ambassador’s husband. [...]
MOZAMBIQUE 28/06/2011
Fezal Sidat Free
Niassalandia, a Mozambican company formed last April, plans to explore for and transform diamonds and other precious stones (tourmalines, emeralds). [...]
General Raimundo Pachinuapa hits the jackpot
The two shareholders in the Mozambican company Mwiriti Lda - the former Frelimo (ruling party) executive Raimundo Domingos Pachinuapa and [...]
MOZAMBIQUE 24/09/2010
Mining company Vale goes into railways
The Brazilian company Vale has acquired the stake the Mozambican firm Insitec held in the railways. [...]
MOZAMBIQUE 06/07/2010
Bias Has Her Eye on Gold
Mining resources minister Esperanca Bias has no intention of contenting [...]
MOZAMBIQUE 14/05/2010
Retired general in mines
Retired general and Frelimo dignitary, Jacinto Soares Veloso, who long ago moved into business, has just created a new mining company. [...]
MOZAMBIQUE 23/04/2010
New players in mining industry
A number of Frelimo dignitaries are among the active investors in the mining sector. [...]
MOZAMBIQUE 31/07/2009
Former officers in mining
A company created a decade ago by the defence ministry is breaking into the mining sector. [...]
MOZAMBIQUE 03/07/2009
Celebrities in mining
One of President Armando Guebuza's advisors and a well-known doctor in Maputo have joined forces to obtain an exploration permit in the Manica province. [...]
MOZAMBIQUE 05/10/2007
Tobias Dai's family in mining
Several members of the family of defence minister Tobias Joaquim Dai created a new company in May 2007 called Trust [...]
MOZAMBIQUE 30/03/2007
Veloso goes into precious stones
The former minister for international cooperation has just formed a company whose activity is centred on transforming and exporting mineral resources. [...]