Mozambique: Contract with SGS to control mineral exports gets the greenlight from Administrative Tribunal

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Mozambique: Contract with SGS to control mineral exports gets the greenlight from Administrative Tribunal

7:23 CAT | 07 Mar 2024

FILE - For illustration purposes only. [File photo: Notícias]

The contract signed at the end of last year between the Mozambican government and SGS, the company verifying the specifications, prices and quantities of the country’s mining export products, has now been approved by the Administrative Tribunal (TA).

SGS specializes in the inspection, verification, testing and certification of mining exports, and now has a green light to begin the operations for which it was contracted through international public tender.

SGS is not new to the Mozambican market, where it has already been working for some years in the context of the Single Electronic Window (JUE), operated by the Mozambican Tax Authority (AT).

The government and SGS contractors met recently to exchange views on the scope of the work, namely monitoring the entire process from extraction to export of mining products through national ports or airports.

READ: Mozambique: Government to hire independent entity to inspect mineral exports

During the meeting, the executive recognized the prevalence of inaccuracies in the data provided by companies, hence the need to hire an entity to address this, above all, ensure that the country obtains revenues corresponding to the real volumes of resource exploitation.

The hiring comes at a time when the country is losing millions of US dollars per year from the undervaluation of mining products.

In this context, a source from the Ministry of Economy and Finance (MEF) explained that SGS’s intervention was part of the government’s commitment to address shortcomings in the control of extracted and exported ores, due to omissions of information in reporting.

The contract in question, whose implementation was conditional on the AT’s approval, is for a period of three years.

READ: Mozambique: Mineral quantities, prices, types to be controlled as of January

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Source: Notícias