Mining cooperatives could generate about US$3 billion in 5 years

Login

Register

http://www.clubofmozambique.com/

Mining cooperatives could generate about US$3 billion in 5 years

2:15 CAT | 01 Apr 2019

In file CoM

Executive Director of the Mozambican Association for Modern Cooperatives, Cecilio Menezes, has told Radio Mozambique he thinks that mining cooperatives could generate about US$3 billion over the next five years.

Menezes argues that cooperatives are an excellent strategy to combat weaknesses in the mining industry.

“All the issues that the country is experiencing, and the limitations it is suffering, have responded well to cooperative innovations. For example, if this government’s goal of creating ten mining cooperatives from 2015 to 2019 is fulfilled, we could earn from two to three billion dollars. These are numbers that Mozambique thinks are not possible, but other nations are doing it,” Menezes said.

Source: Rádio Moçambique