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Maputo, 27 Apr (AIM) – Mozambique will soon join the Global Finance Facility (GFF) and the African Petroleum Producers Organisation (APPO) in order to ensure open, transparent and responsible management of mineral resources.
According to Mozambican President Filipe Nyusi, Mozambique’s membership of these two organizations will allow the country to develop good practices in the management of mineral resources.
“We have joined the extractive industry transparency initiative (EITI), which has allowed us to promote open and responsible management of our resources and the processes relating to the value chain of the extractive industry, from the extraction phase to how revenues are collected by the government and how it benefits the citizens”, Nyusi said, at the opening of Mozambique’s 9th Mining and Energy Conference and Exhibition on Wednesday.
“So, we feel a little more at ease because we are being universally audited and the results have been encouraging”, he added.
At government level, and in order to combat mineral smuggling, certificates of origin for mineral products have been introduced, the result of which is seen in the increase in production and export records for mineral resources, particularly gold and gemstones.
Nyusi said there is a need for improved supervision and mitigation of environmental risks in artisanal mining and the design of internal markets for buying and selling mining products as a way to combat smuggling and reduce informality that induces losses of tax revenues.
The conference is being held in Maputo, lasting two days and under the motto: “Using Mozambique’s Natural Resources for Transformational and Sustainable Economic Development.”
(AIM)
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