Mozambique’s economic development depends on industrial use of mining resources

13 May 2013

The sustainable economic development of Mozambique will be achieved by making industrial use of mining resources rather than simply by exporting them, the deputy Mining Resources minister said last week in Chimoio.

At the opening session of the seminar to present and discuss the Mining Resources Policy and Strategy, deputy minister Abdul Razak said that natural resources, especially mining resources, were the country’s biggest asset, and their industrialisation would contribute to economic transformation and to growth of the gross domestic product (GDP).

According to Razak, the start of coal production and exports on a large scale from Moatize, in Tete province, expansion of ilmenite production capacity by 50 percent at the Moma heavy sands project, in Nampula and production of tantalum in Marropino and Muiane, in Zambézia, are examples of the joint efforts of the government and the private sector to promote the national economy.

As well as this Razak noted the discovery of large reserves of natural gas in the Rovuma basin, totalling over 150 trillion cubic feet, conclusion of expansion of the Pande/Temane project, several limestone quarrying projects and its use in the cement industry, as some of the efforts being made towards sustainable use of mining resources.

The deputy minister also said that it was necessary to increase geological and mining knowledge of the resources across the whole of Mozambique, both onshore and offshore. (macauhub)