Australia's RBR Group rises on Mozambique nod for LNG project restart

RBR

02/02/2026 03:47

** 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;))