Maputo, Mozambique — 03 May 2012 – The government of Mozambica plans to hold an auction this year to grant further coal prospecting and mining licences in the central Mozambican province of Tete, according to the assistant national director for mines, Geraldo Valoi.
Citing Reuters, Macauhub News Agency quotes Valoi as saying that through this auction Mozambique was leaving behind its previous method of granting mining licences by priority of the interested parties that requested them by filling out an online form.
Valoi said that the new auction model would be used for Tete province, but pointed out that for other provinces, regardless of what would be mined there, the previous system would be kept.
He also noted that the current system was useful for those that planned to mine in an area about which there was no geological information, while the auction system for Tete province was intended to ensure that only certified companies with a development plan were chosen.
“Otherwise we would be in the hands of speculators that, having been granted a licence because they asked for it first, have no aim other than to sell it on,” he said.
Noting that there are currently 1,600 prospecting and mining licences, half of which are for coal, Valoi said that many had been revoked, from a previous total of 5,000, after beneficiaries had given up on the projects or were unable to develop them.
Source: Macauhub News Agency. For more information, click here.