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| Matola coal terminal in Mozambique doubles processing capacity to 4 million tons per year |
Maputo, Mozambique, 10 March – The Matola coal terminal has doubled its processing capacity from 2 to 4 million tons per year, with a new expansion project underway to take capacity to 6 million tons, according to Mozambican newspaper Notícias. [ more ] | | |  | | | | Brazil expected to start exporting beef to China in second half |
Sao Paulo, Brazil , 10 March – The first exports of Brazilian beef to China are expected to begin in the second half of the year, the chief executive of the Brazilian Association of Meat Exporting Industries (Abiec) told financial newspaper DCI. [ more ] | | | | | | | Portugal expected to reach 2013 with its economy growing 1.7 pct |
Lisbon, Portugal, 9 March – Portugal is expected to reach 2013 with its economy growing by 1.7 percent and with a budget deficit of 2.8 percent, according to the macroeconomic scenario outlined in the Stability and Growth Programme. [ more ] | | | | | | MORE NEWS
| | Australia’s Lonrho Mining expects to mine diamonds in Angola this year | | | | Brazil becomes world’s third largest export of agricultural products | | | | United States provides food aid to Mozambique | | | | International Financial Corporation promotes loans to SMEs in Mozambique, Ethiopia and Tanzania | | | | Guinea Bissau’s government to host mining conference | | |
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Angola began year as China's top oil supplier
Macao, China, 8 Mar - Angola was China's top supplier of oil in January, overtaking Saudi Arabia at a time when Chinese oil companies are seeking to consolidate Angolan offshore positions.
The latest Chinese customs data indicate that the value of oil imports from Angola rose 53 percent in January, versus a 7 percent drop in imports from Saudi Arabia.
Angola is currently China's number one trading partner in Africa and has benefitted not only by the increased quantity but also by the value placed on the ‘sweeter' oil grades characteristic of Africa, market analysts say.
China is the world's biggest oil purchaser after the United States, with January imports of about 4.03 million barrels per day.
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