AGP Executive Report
Last update: 4 hours agoGraphite: Syrah reported stronger third-quarter production and recoveries at Balama, with a US$15 million US development-finance loan due shortly to support working capital. Its US plant is ramping up ahead of planned first anode-material sales, pending customer qualification. Food Processing: Helios is targeting a stake of up to 49% in Merec, Mozambique’s largest flour miller, in a potential investment in a key domestic manufacturer. Gas & Power: President Daniel Chapo called for closer coordination between gas producers and consumers at the Moscow gas summit. South Africa’s failed 2,000MW gas tender highlights the importance—and supply risks—of Mozambican gas exports. Jobs & Trade: A 20-year government programme aims to formalise 1.5 million informal workers through co-operatives and create 500,000 jobs. Mozambique and Malawi are also moving to ease cross-border trade delays. Economic Conditions: The Bank of Mozambique says 1.7% growth in the second quarter remains too weak to improve living conditions, amid inflation, credit constraints and rising public debt.
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