Maputo lures British investors

in the Southern African nation.
He said among the foreign companies were the US-based Anadrako and the Italian ENI, which she said were already involved in the exploration of gas and oil in the northern Mozambican province of Cabo Delgado.
Bias said the British companies that approached the Mozambican government were financially “solid” insisting they have every prospect of doing business in the entire country.
She said the interaction between the Maputo administration and the British potential investors, among others, were to provide services and companies that would build facilities to produce equipment.
“The government wants to continue contacts with various British companies to attract them to invest in the country and to support projects in coal, hydrocarbons and heavy mineral sands”, said Bias.
A high-powered Mozambique delegation is in London to lure business investor to support geological and mining activities as well as adding value to the resources that were being exploited in the country.
Among the British companies operating and aspiring to invest in the country, ENRC boasts 12 coal exploration licences in the northwestern province of Tete. Of these, licence 871 in Chitima, in Cahora Bassa district, in the most advanced.
ENRC national manager for Mozambique José Eduardo Dai said the Chitima licence would soon become a mining concession to allow the company to extract the coal.
Mining activities by the British companies are expected to begin in 2015 while measures were being put in place to establish a new railway from the district of Chiuta to the northern port of Nacala. — CAJ News.