The South African company Tongaat Hulett, the majority shareholder in the Xinavane and Mafambisse sugar mills, in the Mozambican provinces of Maputo and Sofala respectively, has promised to invest about ZAR500 million (US$28.7 million) to reactivate production, according to local press reports.
Mozambique – The fate of financially beleaguered Tongaat Hulett’s two sugar factories awaited [Full subscriber]
The Mozambican government is awaiting clarity on the fate of two factories owned by the financially troubled South African sugar group Tongaat Hulett – whether they will be sold to reduce its debt.
Mozambique – Government considers saving the closure of two Tongaat Hulett’s sugar mills [Full subscriber]
The Mozambican government’s Institute for the Management of State Holdings (IGEPE) is negotiating with various partners to obtain finance to prevent the paralysis of two of the country’s sugar mills, according to local press reports citing the Minister of Industry and Trade, Ragendra de Sousa.
Mozambique – Tongaat Hulett plans to close its Mafambisse sugar plant [Full subscriber]
The South African group Tongaat Hulett plans to pull out of its Mafambisse sugar plant, according to local press reports. It has informed the Mozambican government who holds a 15% share in the factory.
Mozambique – Tongaat Hulett’s new backend refinery becomes operational [Full subscriber]
The Mozambican government recently announced that from 2019 the country will stop importing refined sugar from South Africa and from eSwatini (Swaziland) as new backend refinery becomes operational, according to local press reports.
Mozambique -New €30.4mln sugar factory planned [Registered]
Governor of Mozambique’ Maputo province Raimundo Diomba says a €30.4-million sugar factory will be commissioned in the region before the end of April, according to local press reports.
Mozambique – Five-fold increase in sugar output over the last 5 years [Registered]
Sugar production has increased from 90,000 to 450,000 tonnes per year over the last five years, according to João Jeque, the president of the Mozambican Sugar Producers Association (Apamo).
Mozambique – Tongaat to build a backend refinery at Xinavane mill [Registered]
Tongaat Hulett said on 24th July it will build a refinery at its Mozambican sugar mill to produce refined white sugar for which there is a growing shortage, with the country importing 90% of its needs.
Mozambique – New sugar factory likely to commence operations in October [Registered]
A new cane sugar factory is scheduled to start operating in the Chemba district next October, according to a district administrator, reports Macuhub.
Mozambique – EU funds project to boost small scale cane growers [Registered]
Some 362 Mozambican cane growers organized into five associations will benefit from a US$4.3 million (Euros3.91 million) funding by the European Union and the Botswana-based ABC Bank under a project to support the development of small-scale producers in Xinavane, in Maputo province, according to local press reports.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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