Mining Expansion in Mozambique Brings Benefits and Problems

Mining Weekly reported that Mozambique is expected to generate revenues close to $680 million from its resources such as gas, coal, and a wide range of minerals and metals including tantalum, according to an IMF technical team.

As quoted in the market news:

Even in 2010, the US Geological Survey reported that the African country had a “significant role” in global production of beryl, ilmenite, tantalum and zircon. In that year, Mozambique’s share of global tantalum production was some 16%; of ilmenite, around 6%; of zircon, about 3%; and beryl, some 1%. Domestically important is the production of cement.

Click here to read the full Mining Weekly report.