Mines, hydrocarbons and electricity: US$30.7 billion invested in Mozambique

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Mines, hydrocarbons and electricity: US$30.7 billion invested in Mozambique

3:57 CAT | 21 Sep 2020

File photo: Domingo

“It is not in every day or in all countries that the combined investments of the public and private sectors in mining, hydrocarbons and energy total US$30.7 billion in one go,” President Filipe Nyusi said recently, during a visit to the province of Cabo Delgado, where the Head of State launched an ambitious investment programme [ADIN], Jornal Domingo reports.

“Mozambicans need to prove themselves worthy of these investments,” he added. In the mining area, in particular, he noted, work to enable the commencement of heavy sands exploitation in Chinde, Mocubela and Pebane,in Zambézia province, and in Chibuto, in Gaza province was underway.

Alongside these ventures, contacts were in the advanced phase for the realization of mining and gold refining projects in Tete, Manica and Nampula provinces, and graphite in Nipepe, Niassa, in addition to “projects already underway in the areas of graphite, marble, rubies and gold, here in Cabo Delgado”.

The new enterprises will generate new development foci and new business and employment opportunities, contributing to the enhanced well-being of all.

Because the government is aware of the need for communities to benefit from resources in their regions and recognises the potential of artisanal mining to generate work, it will start the formalisation of those involved, promoting their organisation in cooperatives.

Procedures for artisanal mining licensing will be simplified, and assistance to communities in the use of efficient, safe and environmentally friendly technologies will be given, the president said.

Source: Jornal Domingo