BUZZ-Australia's RBR Group rises on Mozambique nod for LNG project restart
Reuters
Feb 02
BUZZ-Australia's RBR Group rises on Mozambique nod for LNG project restart
** Shares of RBR Group RBR.AX up 57.9% at A$0.03
** Training and staffing solution provider says the Mozambique government approves restart of TotalEnergies-led Mozambique LNG project following the lifting of force majeure
** Says this materially increases the likelihood of progression from tender to contract execution
** Says construction activities have now fully restarted both onshore and offshore at the Afungi Peninsula, with more than 4,000 workers currently mobilised and workforce numbers expected to increase significantly
** Says RBR well positioned to capture near-term opportunities across camp infrastructure, labour services and workforce training
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com;))
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