Energy Capital and Power spoke with Dino Miguel Milisse, General Director of the National Institute of Mines of Mozambique – the country’s solid minerals regulator – about the country’s mining potential.
Milisse highlighted how Mozambique’s regulatory policies are designed to attract global investors. Commenting on the prospects, Milisse said Mozambique is a very rich country with almost all its coast holding heavy sands deposits and vast reserves of graphite, gemstone and rubies.
“The most expensive and best ruby in the world is from Mozambique and we have implemented policies to ensure responsible mining while creating a conducive investment environment for global partners,” stated Milisse.
He said the country’s mining sector is governed by Law No. 20 of 2011, which provides the legal framework for solid mineral exploration and production. To further encourage investment, Mozambique has introduced tax incentives and duty exemptions for mining companies importing equipment.
“We have the environmental regulation for mining activities, which was approved by a decree, to safeguard our lands, minerals and products while fostering a sustainable mining industry,” stated Milisse.
Mozambique also enforces laws on technical safety, occupational health and responsible mineral marketing, ensuring that mining companies prioritize corporate social responsibility and community development.
According to Milisse, the country offers various mining licenses tailored to different stakeholders. These include a Mining Pass for local miners, a Joint Venture Mining Pass for partnerships between local and international companies and an Exploration License aimed at expanding geological knowledge and resource mapping.
“The Mining Concession, the largest and most sought-after license, is typically granted to foreign firms, allowing them to commercialize and export minerals post-production,” reiterated Milisse.
