Mozambique: Government invests in energy and mineral infrastructures to create wealth

17 April 2008

Maputo, Mozambique, 17 April – Mozambique has been working to create infrastructures in the geology, mineral and energy sectors as key factors in the effort to create wealth and fight poverty, Mineral Resources Minister Esperança Bias has stated.

Bias made her comments Wednesday at the opening session of Mozambique’s first conference on mines and energy, attended by participants representing 20 countries.

“Investments in these areas have thus recorded a positive evolution,” the minister said.

The investment has enabled geological mapping of the entire country at 1:250,000 scale and at 1:50,000 in the most promising areas from the mineral resources standpoint.

The Maputo gathering, which ends today, is meant to promote Mozambique’s mineral and energy industries as stable and profitable investments for foreign companies.

The president of the Geological Mining Association of Mozambique, Lopo Vasconcelos, told Macauhub that “Mozambique has much to show in this first edition of the mines and energy conference.”

“Mozambique is extremely rich, we have many untapped fields, while others are already known,” he said, stressing that “the most obvious are the Moatize coal mines”.

Vasconcelos added that investment opportunities will also be discussed during the conference.

The event will also enable companies operating in Mozambique to disclose their activities and demonstrate the results achieved to date. (macauhub)