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Mozambique tightens grip on mining with 15% state stake rule, local processing — Reuters - The Zimbabwe Mail Mozambique tightens grip on mining with 15% state stake rule, local processing — Reuters
Mozambique’s President Daniel Chapo has signed a new law requiring 15% state ownership in all mining ventures and local processing of minerals, tightening control over its resources as demand for battery materials grows. Mozambique is the world’s third-largest graphite producer, a key material used in batteries for electric vehicles and energy storage. The mining law, approved by Parliament in May, aims to strengthen Mozambique’s “management …
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