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01 April 2020

Covid-19 Halts Angola’s Main Diamond Mine and New Soyo Oil Refinery Tender
Sociedade Mineira de Catoca has laid off most of its workers and suspended work at its new concessions, as part of measures to prevent the spread of the new coronavirus. For the same reason, the Ministry of Mineral Resources and Oil postponed the selection of the proposal in the international public tender for the construction of an oil refinery in Soyo, Zaire province.

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01 April 2020

Lusophone Africa geared up for Coronavirus with donations from Jack Ma
In Africa, Jack Ma and the Alibaba Foundation have taken center stage in supplying medical masks, Covid-19 tests and other protective kit to countries with fragile health systems. Just a few days after the gear arrived in Ethiopia for redistribution in the continent, all lusophone countries were stocked up.

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31 March 2020

Mozambique faces economic blow from lockdown in South Africa
With a three-week nationwide lockdown being enforced, South Africa's economy has grinded to a halt, putting neighbouring economies, including Mozambique's, into further strains amid the Coronavirus outbreak.

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30 March 2020

BNU Macau “saved” a critical sale of 500 Chinese ventilators to Portugal
Last week, an order of 500 Chinese ventilators from Portugal was threatened by an offer from another country, but was saved "in extremis" by BNU bank in Macau.

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27 March 2020

Angolan shipyard partners with Chinese companies to build fishing vessels
Sociedade de Pescas de Kwanza Sul (Sopesul) in Angola plans to increase construction of semi-industrial fishing vessels from wood, to minimise the costs related to imports, with partners from China.

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26 March 2020

Pick-up in Chinese demand keeps Angolan rare earths mining project on track
After having confirmed an investment by the Angolan Sovereign Wealth Fund, Pensana Rare Earths, the main investor, says a recent pick-up in Chinese demand ensure the project will not lose momentum.

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26 March 2020

Syrah Resources suspends work at factory in USA but keeps operating in Mozambique
Syrah Resources has suspended work at its Vidalia factory, in the United States, following the “stay at home” order announced by the governor of Louisiana on 22 March, in order to reduce the spread of the new coronavirus, the company reported.

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26 March 2020

José de Mello Group takes on loan from Bank of China
Portuguese healthcare group José de Mello Saúde, which owns the private CUF hospitals and clinics has signed a financing agreement with the Bank of China in the amount of €33 million.

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26 March 2020

Vale group removes Brazilian workers from Mozambique
As the Covid-19 pandemic reaches Mozambique, Vale decides to repatriate expatriates working at its Moatize coal mine, one of Mozambique's major exporters.

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24 March 2020

ExxonMobil postpones final decision on investment in gas project in Mozambique
The ExxonMobil group is expected to postpone approval of its natural gas project in the Rovuma basin, northern Mozambique, due to the effects of the new coronavirus and the current scenario on international markets, the Reuters news agency reported citing a variety of sources.
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