Sun, 23 Oct 2011
According to Ms Christy Tawii Frost & Sullivan research associate Mozambique is poised to become a significant coking coal producer within the next three to five years with its coal sector accounting for 61% of the total value of the project pipeline.
She said the total value of mining projects across seven commodities was USD 11.6-billion of which the coal sector accounted for USD 7.1 billion.
The coal industry which is expected to produce 20 million tons a year by 2015 currently comprises 12 projects in a feasibility stage, one in a bankable feasibility study stage and five projects that are under construction.
Coal production increased sharply from 25 900 tonnes in 2009 to 35 700 tonnes in 2010. Ms Tawii said the increase in capital expenditure reflected mining confidence in the medium to long term.
Mozambique regulatory environment is considered time consuming, which could discourage prospective investors, Ms Tawii said the government is showing strong signs of creating a friendly mining investment environment.
(sourced from allafrica.com)
According to Ms Christy Tawii Frost & Sullivan research associate Mozambique is poised to become a significant coking coal producer within the next three to five years with its coal sector accounting for 61% of the total value of the project pipeline.
She said the total value of mining projects across seven commodities was USD 11.6-billion of which the coal sector accounted for USD 7.1 billion.
The coal industry which is expected to produce 20 million tons a year by 2015 currently comprises 12 projects in a feasibility stage, one in a bankable feasibility study stage and five projects that are under construction.
Coal production increased sharply from 25 900 tonnes in 2009 to 35 700 tonnes in 2010. Ms Tawii said the increase in capital expenditure reflected mining confidence in the medium to long term.
Mozambique regulatory environment is considered time consuming, which could discourage prospective investors, Ms Tawii said the government is showing strong signs of creating a friendly mining investment environment.
(sourced from allafrica.com)
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