mozambique
French multinational TotalEnergies' intended resumption of natural gas extraction in Mozambique risks falling foul of the EU's nascent Corporate Sustainability Due Diligence Directive, NGOs have claimed. After a terror attack in 2021 killed dozens of people in northern Mozambique, energy majors TotalEnergies, ExxonMobil and Eni terminated operations in the gas-rich Cabo Delgado region. However, during a presentation of TotalEnergies’ 2023 annual results held in February, CEO Patrick Pouyanné said it intended to resume operations in the southern African country this year. NGO Climate Action Net...
Euronews (English)
La precaria embarcación, con unas 130 personas a bordo, volcó el domingo después de partir de la costa del país del sudeste de África hacia la cercana Isla de Mozambique, y al menos 11 pasajeros fueron hospitalizados, según informó el medio estatal Radio Mozambique, citando al administrador de la isla, Silvério Nauaito. La mayoría de los muertos fueron recuperados el domingo, pero el lunes se encontraron siete cadáveres más, lo que elevó el número de muertos de 91 a 98, según declaraciones de Nauaito en la prensa local. Entre las víctimas hay niños. Las autoridades atribuyen la tragedia al uso...
Euronews (Spanish)
New York (AFP) - A ruby sold at Sotheby's in New York on Thursday for $34.8 million, setting a new record price at auction for the precious stone. The 55.22-carat gemstone named Estrela de Fura was already the largest ruby ever to go under the hammer. It was cut from a 101-carat rough stone discovered in July last year at the Montepeuz ruby mine in Mozambique operated by the Fura Gems company. The stone was the star attraction of a sale offering 100 different pieces of jewelry. Offered at a starting price of $21 million, it sold for $30 million plus fees and commissions to an anonymous telepho...
AFP
New York (AFP) - Credit Suisse has agreed to pay $475 million to US and British authorities to resolve charges of "fraudulently misleading investors" and violating anticorruption law in the bond offerings in Mozambique, US officials announced Tuesday. Mozambique's "hidden debt" scandal stemmed from loans in 2013 and 2014 to three public companies to finance a tuna fishing project, debt the government masked from the nation's parliament. When details finally surfaced in 2016, donors such as the International Monetary Fund cut off financial aid, and the southern African country was plunged into ...
AFP
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