extractive industry

Mozambique: “Megaprojects tax contribution falls 62.4% in 2018” – Tax Authority

Posted on February 22, 2019February 22, 2019 by Mozambique Resources Post

The contribution to Mozambique state coffers of mega-projects operating in the extractive industry sector amounted to 14,440 million meticais last year, corresponding to 6.8% of the total revenue collected by the State in 2018 (211.9 billion meticais), and a fall of 62.4% compared to the 2017 figure.

Mozambique: Parliament assesses impact of extractive industry in Cabo Delgado

Posted on January 22, 2019January 22, 2019 by Mozambique Resources Post

The Economic and Environmental Commission of the Mozambican parliament travelled to the province of Cabo Delgado to assess the socio-economic impact on local communities of the exploitation of mineral resources, said the delegation’s spokesman.

Analysis: The extractive industries are prisoners of politics

Posted on October 8, 2018 by Mozambique Resources Post

In an exclusive Critical Resource Q&A, leading resource financier Rick Rule discusses investment opportunities, downplays current levels of geopolitical risk and urges the industry to harness the benefits of a more diverse workforce.

Mozambique Extractive: “Audits reveal failures in extractive industry control” – Court

Posted on July 25, 2018July 25, 2018 by Mozambique Resources Post

The Judicial Council of the Administrative Court says it considers that failure to conduct regular audits of extractive industry companies has led to a lack of knowledge of the actual costs of companies’ activities and other operating expenses.

Mozambique Extractives: Parliament wants a more advantageous extractive industry law for the country

Posted on May 14, 2018 by Mozambique Resources Post

Mozambique’s parliament plans to approve a law that obliges the extractive industry to provide more benefits to the country, the chairman of the Commission on Constitutional Affairs, Human Rights and Legality said recently.

Mozambique Mining: Extractive industry accounts for 4.1& of country GDP

Posted on March 2, 2018 by Mozambique Resources Post

Mozambique is experiencing a growth in the extractive industry’s contributions to the national gross domestic product (GDP). Updated figures indicate that, in taxation alone, this sector currently contributes 4.1 percent. In the past, the contribution was 0.4 percent.

Mozambique Oil & Gas: Parliament make changes on extractive tax regime

Posted on November 17, 2017 by Mozambique Resources Post

The Mozambican parliament, the Assembly of the Republic, on Thursday passed unanimously two government bill changing the tax regime for mining and petroleum activities.

Africa Oil & Gas: Angola writes legislation on local content in the oil sector

Posted on March 23, 2017March 23, 2017 by Mozambique Resources Post

The Angolan government is preparing a set of legal and economic measures on local content to ensure greater participation by domestic companies in providing services to the oil sector, the country’s Oil Minister said on Wednesday in Luanda.

Mozambique Extractive Industry: Industry Skills development needed to keep economy on high growth trajectory

Posted on July 16, 2015 by Mozambique Resources Post

As Mozambique sits on the precipice of a rapidly growing gas, mining, infrastructure and energy economy, investors, business, unions, government and social stakeholders are walking an unchartered road in delivering the skills, labour market and human capacity that will support this economic growth, while improving the living conditions and poverty levels of its just over 24 million citizens.

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