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# Mozambique 21 June 2016: The most transparent deal ever?
- URL: https://www.zitamar.com/mozambique-21-june-2016-the-most-transparent-deal-ever/
- Published: 2017-06-21T00:00:00.000Z
- Updated: 2017-06-21T00:00:00.000Z
- Author: Zitamar Ltd
- Tags: Newsletter, #substack, #substack-type-newsletter, #substack-access-everyone, #Import 2023-04-06 20:43

Good afternoon. The Bank of Mozambique’s decision to have its own pension fund bail out Moza Banco continues to attract controversy, despite - or perhaps because of - a press conference on Monday, where Governor Zandamela made the surprising claim that the deal was the most transparent he’d ever seen.

**FREE TO READ: [Bank of Mozambique governor admits he was on both sides of murky Moza deal](http://zitamar.com/bank-mozambique-governor-admits-sides-murky-moza-deal/?ref=zitamar.com)**

Up in Cabo Delgado, two key contracts were signed by the government this week to allow the onshore LNG projects to go ahead.

**SEE: [Mozambique government approves LNG marine terminal concessions](http://zitamar.com/mozambique-government-approves-lng-marine-terminal-concessions/?ref=zitamar.com)**

The government also signed an MoU with Shell, regarding its planned gas-to-liquids plant which will depend on the onshore LNG projects going ahead.

**SEE: [Shell puts down $2 million to pursue GTL plant in Mozambique](http://zitamar.com/shell-puts-2-million-pursue-gtl-plant-mozambique/?ref=zitamar.com)**

President Filipe Nyusi will head to Italy next month, accompanied by a trade mission and buoyed by the recent signing of the Coral South FLNG project with Italy’s Eni.

**SEE: [Mozambique President to visit Italy next month](http://zitamar.com/president-nyusi-visits-italy/?ref=zitamar.com)**

And finally, Xtract Resources’ gold mine prospect in Manica is moving ahead having signed up two mining contractors to start extracting alluvial gold deposits.

**SEE: [Manica gold mine signs up contract miners](http://zitamar.com/manica-gold-mine-signs-contract-miners/?ref=zitamar.com)**

Have a great rest of the week.

### RECENT POSTS

- [Mozambique government approves LNG marine terminal concessions](http://zitamar.com/mozambique-government-approves-lng-marine-terminal-concessions/?ref=zitamar.com)
- [Shell puts down $2 million to pursue GTL plant in Mozambique](http://zitamar.com/shell-puts-2-million-pursue-gtl-plant-mozambique/?ref=zitamar.com)
- [Bank of Mozambique governor admits he was on both sides of murky Moza deal](http://zitamar.com/bank-mozambique-governor-admits-sides-murky-moza-deal/?ref=zitamar.com)
- [Mozambique President to visit Italy next month](http://zitamar.com/president-nyusi-visits-italy/?ref=zitamar.com)
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