Mozambique's new mine ownership rules could deter foreign investment, industry body says

Mozambique's new mine ownership rules could deter foreign investment, industry body says

Kolk said the industry body backed the push for more local processing

Mozambique mining law risks deterring foreign investors

MOZAMBIQUE’S new requirement for the state to hold a 15% free-carry stake in all mining ventures risks deterring foreign investment, said Reuters citing the Southern African country’s Chamber of Mines. Speaking at a mining conference in Victoria Falls, Zimbabwe, chamber vice-president Geert Kolk said the mandatory shareholding, introduced through an amendment to the country’s mining law, would not make Mozambique a more attractive destination fo…