Australian metals group Cokal has set up a partnership with Mozambican state mining company Empresa Moçambicana de Exploração Mineira to mine coal in Mozambique, the group’s chief executive, Peter Lynch said.
According to the Brisbane Business News magazine, Peter Lynch said that the agreement signed with Empresa Moçambicana de Exploração Mineira (EMEM) focused on mining coal in Mozambique and setting up mines and other related facilities together.
Noting that Mozambique would become Africa’s largest coking coal producer as well as one of the world’s largest, Lynch said that the agreement “shows the confidence there is in Mozambique, both in terms of mining high quality coal and of the stable business climate.”
EMEM is a company set up by the Mozambican government to take part in mining projects, to explore mining resources and add value to the country’s mining products. (macauhub)