Mozambique: Four oil and gas wells to be drilled this year
Photo: Ministério dos Recursos Minerais e Energia - Mireme
The possibility of banning the export of raw mineral resources, as a way of maximising gains from the exploitation of natural resources and promoting industrialization through local processing, has not been ruled out, Noticias reports.
At this moment, the Ministry of Mineral Resources and Energy (MIREME) is working with the main players in the sector to find an effective joint solution within current and potential future regulatory frameworks.
This vision was shared yesterday by Minister Carlos Zacarias at the opening of the IX MIREME Coordinating Council in Matibane, Mossuril district, Nampula province.
For the minister, the need for the regulatory framework is justified by the fact that the proportion of processed resources exported is much lower than the volume exported in raw form, of which a significant part could be used to benefit the local population.
“The indicators we have are below what is desirable. So, what we want is for this situation to be reversed in the future. We are currently working with all stakeholders to ensure that part of this processing takes place here in the country,” Minister Zacarias highlighted.
However, Minister Zacarias pointed out that this objective would be achievable only in the medium-to-long term, due to the legal mechanisms that would need to be created to, for example, oblige investors in this area to carry out some transformation in Mozambique.
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