The director of Centro de Promoção de Investimentos owns stakes in several recently formed companies specialising in trading ore and metals.
Mahomed Rafique Jusob Mahomed, the director of Centro de Promoção de Investimentos (CPI), has just participated in the creation of a number of mining companies. At the beginning of January he became a shareholder with a 10% stake in Companhia Mineira de Munyena Lda whose official activity is trading ore and metals, including scrap metal. The majority shareholder of this new company is Silver Lining Global Inc, which has three seats on the Munyena board, filled by Ruziah Mohamed Amin, Cheng Kiew and Shukor Lee, all three Malaysian. The four men make up the entire Companhia Mineira de Munyena board.
At the beginning of February the CPI director formed another alliance with the same three partners, this time to found Sociedade Mineira de Manica whose officially declared purpose is identical to the earlier company. This firm is owned by Silver Lining Global Inc (with a 70% stake) and Two Fulls Mining Company Ltd (30%), which is owned by Mahomed Rafique Jusob Mahomed and Mario da Costa.
The three partners in Silver Lining Global Inc also created two other companies in Mozambique at the beginning of February, in partnership with Mahomed Juned Jusob, who is related to Mahomed Rafique Jusob Mahomed. Companhia Carvoeira de Combezi Lda and Companhia Carvoeira de Samoa Lda, both of which are specialised in coal.
A 46 year old native of Mozambique, Mahomed Juned Jusob has a degree in modern literature from the Universidade de Coimbra (Portugal) and is the director general of Moçambique Ferragens (Mofer), the sales director of Nortur and project director of Mozip. A trained gemmologist, he has worked for the Portuguese subsidiary of Bertelsmann.
The Indian Ocean Newsletter - 02.03.2007