Mozambique is moving to tighten control over its vast mineral wealth, proposing sweeping reforms that will grant the state a minimum 15% stake in all mining projects while banning the export of unprocessed minerals. Mozambique plans sweeping mining law reforms to give the state at least a 15% stake in all projects and ban the export of unprocessed minerals. The reforms aim to increase state participation, encourage local mineral processing, and ensure more value remains in the country. New rules will overhaul licensing, require 10% of mining revenues for local…
Mozambique signals move to join Africa’s mining revolution with 15% state stake and export ban
