Mozambique moves centre stage in Southern Africa

The Balaka-Lilongwe railway now enables coal imports from Mozambique’s Tete Province, where Indian companies have bought mines to supply coal to India.

Kenmare Resources is increasing production at its Moma titanium project in Mozambique, despite a 3% decline last year.

Liquified natural gas is unlikely to displace coal in China’s energy transition, as the country prioritises domestic energy sources over imported LNG.

Drewry forecasts a 3.3% rise in Capesize shipping demand in 2024, driven by increased coal exports from Colombia to Asia, offsetting reduced European demand.

Between January and August, India’s coal shipments rose 10% y/y, driven by strong electricity demand, but hydropower recovery may reduce future coal demand.

The New Development Bank has granted a R5 billion (US$ 280 million) loan to Transnet to improve South Africa’s freight rail infrastructure, locomotives, and wagons.