Mozambique to sign memorandum of understanding for coal, oil and gas sectors in Japan

15 February 2012

Maputo, Mozambique, 15 Feb – The Mozambican minister of Mining Resources, Esperança Bias, from 16 to 20 February is due to visit Japan with a view to increasing cooperation between the two countries, the ministry said in a statement issued in Maputo.

According to the statement, the minister will sign a memorandum of understanding with Japan’s Minister for the Economy, Trade and Industry in the coal, oil and gas sectors and take part in a seminar on development of mining resources in Mozambique.

The main aim of the memorandum is to increase the participation of Japanese companies in prospecting, surveying and development of these resources in Mozambique, and contributing to improving the economy and standard of living of the Mozambican population.

The minister’s trip follows a recent visit to Mozambique by Japan’s deputy minister for the Economy, Trade and Industry, Tadahiro Matsushita, who asked the Mozambican government to grant the coal mining license to Japanese group Nippon Steel Corp as soon as possible.

Two Japanese companies, Nippon Steel Corp and Mitsui, are surveying and prospecting for coal and gas in Mozambique’s Tete province and the Rovuma basin, respectively.

Japanese group Nippon Steel Corp. which, at the end of 2011 announced a coking coal production project in Revubué, in Tete province, plans this year to start installing equipment in order to put the project into its exploration phase by 2014.

According to a government source, Mozambique’s Prime Minister Aires Ali is also due to visit Japan soon. (macauhub)

MACAUHUB FRENCH