Business Monitor International (BMI) said the latest report, due to the considerable reserves of coal attracted a lot of investment, promote the rapid increase in output value, Mozambique will become the new focus of international mining industry. Market research is expected, Mozambique mining industry output value will increase from $400000000 in 2013 to $1200000000 in 2018, accounting for the gross domestic product (GDP) of the proportion will rise to 4.2% from 2.9%.
The report thinks, new coal industry in Mozambique will soar over the next five years. Almost all the output of coal will be used for export, Mozambique is very likely to become one of the worlds largest coal exporter, India and Chinese as the main destination country. At the same time, the report also raised some concerns, such as the ability of Mozambiques infrastructure level, deal with the mining production growth, as well as the recent coal prices lower impact mineral company profits etc.. Mozambique government recently published will improve the mining tax declaration, also can let investors worry.
The report said that the overall business environment in Mozambique is still attractive, and it will also for neighbouring regulations tighten and resource nationalism prevailed and gain more benefits. Mozambique will continue to open mining areas in order to attract more foreign investment and continue to enhance its competitiveness in the field.