subject: Mining - Mineral Mining In Mozambique [print this page] Mining in Mozambique Mining in Mozambique
Mozambique is prosperous in mineral resources including coal, iron ore, gold, tantalum, titanium, fluorite etc. Over the past three years private sector has shown great interest in the mining sector. Mozambique Government is also supporting and attracting the inward investment into Mozambique mineral industry. It has set out a number of objectives in order to increase mineral production and exports by improving the Mozambique mining industry's administrative, health and safety structure. Last year the Mozambique Government approved a new mining and geological policy when taken together with the existing legislation. The policy will provide great encouragement to the private sector involved in mining activities.
It is estimated that mining industry of Mozambique is going to yield an average growth of 9.2% during 2008-12 and is valued at US$0.38bn in 2012. Being the future of mining industry in Mozambique bright, it is believed that mining industry and oil sector are going to contribute around 15% to the GDP growth by 2010. The Mozambique Governments encouragement for the mining companies is speeding up the process of allocating mining licenses by displaying details of existing mineral mining license holders online. At present, the companies interested in acquiring license have to go through the procedure of applying for mines physically through paper work which checks whether the mine for which a company has applied has been granted to somebody else or not. Since 2003, Mozambique mining industry has attracted attention from the private sectors and investors. Due to this reason, there are several high profile mining projects going on in mineral rich provinces like Tete and Mutarara in Mozambique. These mineral rich provinces in Mozambique can yield a range of minerals like coal, iron ore, Gold, tantalum, titanium and fluorite. The Manica belt spanning western Mozambique is the primary source for the countrys gold, copper, iron ore and lead resources.
Indian Mining Companies
Capital inflows have surged and a number of Indian mining companies are acquiring license for mineral mining in Mozambique. The Indian mining companies have signified the emerging importance of Mozambiques mining industry in its economy and thus got attracted to invest in Mozambique mineral mining. Even Mozambique Government is inviting Indian mining firms to invest in mineral mining. The Natural Resources minister, Esperanca Bias said that There are areas available for the detection of heavy mineral sands and Indian investment is welcome.
Rachana Global is an Indian mining company involved in mining of different minerals and strives hard to dig up new avenues to provide new and innovative minerals worldwide. The company owns many mineral mines in Mozambique which is very rich in minerals. Rachana Global is a mineral mining company engaged in natural resources and exploration of minerals including coal mining, iron ore mining, gold mining, titanium mining, tantalum mining and fluorite mining. It has well equipped plants where research and developments take place. The undying passion towards natural resources has brought the company to unbelievable heights!
