The rapid development of mining in Mozambique

Business Monitor International (BMI) latest report, due to the substantial coal reserves attracted a lot of investment, driven by a rapid increase in output, Mozambique will become the new focus of the international mining industry. Market research predicts Mozambique mining output from 2013‘s $ 400 million increase in 2018 of $ 1.2 billion, accounting for gross domestic product (GDP) of 2.9 % rising to 4.2%.

Report that the emerging Mozambique coal industry will take off in the next five years. Almost all the output of coal will be exported, Mozambique is likely to become one of the world’s largest coking coal exporter, India and China as the main destination.

Mozambique’s overall business environment remains attractive. It also will be because neighboring countries to tighten regulations and resource nationalism prevailed in gaining more and more benefits. Mozambique will continue to open the mining sector to attract more foreign investment and continue to enhance their competitiveness in the field.

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