Mozambique’s government has approved the creation of the state-owned Mozambique Mining Exploration Company to exploit the country’s critical minerals, including graphite.
Mozambique is the world’s third-largest producer of graphite but currently utilizes only one-third of its graphite resources and mining capacity.
The new company aims to enhance production and development across the country’s critical mineral sector.
To promote Mozambique’s critical mineral prospects, the Chamber of Mines of Mozambique has joined this year’s Critical Mineral Africa (CMA) Summit as a strategic partner.
Geert Klok, Chairman of the Chamber of Mines of Mozambique, will participate in high-level panel discussions and exclusive networking sessions to showcase the latest developments and lucrative opportunities for global investors in Mozambique’s critical mineral sector.
“Mozambique’s burgeoning critical mineral sector represents an opportunity for the country to enhance job creation, economic growth, and contribute to the global fourth industrial revolution.
Cooperation between private and public sector entities with global stakeholders is crucial to unlock the capital and technologies required for continued market growth,” states Rachelle Kasongo, CMA Conference Director.
To maximize the mining sector’s contribution to GDP growth, Mozambique – through entities such as the Chamber of Mines of Mozambique – is optimizing cooperation with global mining stakeholders.
The country is conducting a series of graphite exploration activities in the Cabo Delgado province with Australian mining firm Triton Minerals and Chinese miner Shandong Yulong Gold.
Mozambique is also collaborating with UK mining firm Tirupati Graphite on graphite exploration and production at the 119.6 million tons Montepuez Mine in Cabo Delgado.
Home to the world’s largest graphite mine, the Balama Graphite Project, Mozambique produces 350,000 tons per year, supplying global electric vehicle technology firms such as Tesla and South Korea’s Posco Future M.
Chinese miner DH Mining is set to start production and processing of over 5 million tons of graphite resources in Nipepe district in December 2024, with over $90 million invested in infrastructure to date.
As the official representative of Mozambique’s mining sector, the Chamber of Mines of Mozambique will provide insights into the current state and future prospects of the country’s graphite sector at the CMA summit.
