Major foreign investors have played a significant role in the growth of the Tanzanian mining industry which is expected to double in value from US$64 million in 2010 to US$1.28 billion in 2015.
Brazil was the destination of the first ever shipment of liquid natural gas from Angola, produced by Angola LNG at its processing unit in Soyo, Cabinda province, which plans to have Asian countries amongst its main customers.
Exports of natural resources such as natural gas and coal from Mozambique are still being held back by an ongoing and worsening lack of supporting logistics, such as port, rail and road facilities.
Mining house and trade union top officials started arriving in the city this morning for the crisis meeting with deputy president Kgalema Motlanthe in a bid to resolve the problems facing the mining sector.
After years of on-off talks, months of brinksmanship and often bitter negotiations, Glencore's head Ivan Glasenberg gets to complete the US$30 billion acquisition of Xstrata today ‒ the mining industry's biggest takeover yet.