RBR Group Strengthens Position in Mozambique’s LNG Sector

RBR Group Ltd ( (AU:RBR) ) has issued an update.

RBR Group Limited has completed a capital raising program, securing $1.3 million, and is focusing on strengthening its alliances to enhance capabilities in response to LNG project opportunities in Northern Mozambique. The company has submitted tenders for significant projects, including a 3000-person camp for Total Energies and an onshore base for ENI. A binding Memorandum of Understanding with Field Ready has been secured, which will leverage existing contracts with major corporations and government entities to improve training services and youth employability in Mozambique, positioning RBR Group favorably in the expanding LNG market.

More about RBR Group Ltd

RBR Group Limited is a specialist in camp supply, labor services, and training. The company focuses on delivering skilled labor to sites, particularly in the LNG sector, and is actively involved in forming alliances to enhance its capabilities in Mozambique.

Current Market Cap: A$3.12M

For a thorough assessment of RBR stock, go to TipRanks’ Stock Analysis page.