The company had previously suspended work at its LNG plant in Cabo Delgado because of security concerns in the area.
Mozambique
The deal will see the state-backed Chinese enterprise form a close working relationship with Mozambique’s national energy company.
A UN-approved expansion would offer the certainty needed to protect, manage, and use offshore resources.
Part of the Zambezi River’s catchment area, millions of people across south-central Africa indirectly rely on the Miombo woodland for water and hydropower.
The transaction is pending the approval of regulators in China, Mozambique and South Africa, according to reports.
When complete, the 30,000-hectare facility in Mozambique’s Sofala province, will be powered by hydropower, solar energy, and wind energy.
So-called heavy sands have multiple industrial and commercial uses, with the areas under scrutiny expected to yield over 320 tons of zircon.
The southern African nation is highly vulnerable to the effects of climate change because of its position in the cyclone route of the Indian Ocean basin.
Brazil and Angola retain their top positions as China’s biggest trading partners among the Portuguese-speaking countries, but trade with Mozambique shows the biggest growth.