AGP Executive Report
Last update: 3 hours agoRovuma LNG Supply Chain: Corinth Pipeworks won a $200m–$250m line-pipe contract for ExxonMobil’s Rovuma LNG Phase 1, supplying about 120,000 tonnes of 20–24 inch LSAW subsea pipe from its Thisvi plant in Greece, a key step for Mozambique’s offshore gas buildout. Local Content Push: Mozambique’s business lobby says ExxonMobil has earmarked roughly $4bn for local content for Rovuma LNG, urging domestic firms to gear up for CTA tender requirements and technical standards. Development Finance: Government approved regulations to make Mozambique’s Development Bank (BDM) operational, positioning it to mobilise long-term funding and catalyse strategic investment with a hybrid public mission and corporate governance model. Graphite Deal: Shandong Xinsheng Minerals bought 70% of Triton Minerals’ graphite assets in Cabo Delgado for A$17m, taking control of the Ancuabe project and Cobra Plains concession and adding to China’s growing northern Mozambique battery-material footprint. Mining & Environment: A Mongabay investigation links heavy-sand mining in Zambezia to rapid mangrove loss, raising fresh scrutiny of heavy-mineral extraction impacts along Mozambique’s coast. Fuel Logistics Pressure: Malawi fuel transporters protested across routes including Beira, after a regulator cut haulage rates by around 14–19%, threatening contract withdrawals and raising regional supply-chain risk. Displacement Watch: Mozambique began a forum on the future of displaced people as Cabo Delgado’s conflict enters its ninth year, with renewed attacks driving multi-district displacement and renewed calls for negotiations.
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