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Home Extractive industry In a context of commodity crisis Challenges of a country potentially rich in mineral resources: Laying the foundations to avoid the “resource curse” in Mozambique in the new “super-cycle” of raw material prices

In a context of commodity crisis Challenges of a country potentially rich in mineral resources: Laying the foundations to avoid the “resource curse” in Mozambique in the new “super-cycle” of raw material prices

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Num contexto de crise das commodities Desafios de um país potencialmente rico em recursos minerais: Estabelecendo as bases para evitar a “maldição dos recursos” em Moçambiqueno novo “super- ciclo” dos preços das matérias-primas

In 2010, Mozambique entered the map of countries with significant reserves of mineral resources, such as natural gas, coal, heavy sands, precious stones, among others, which resulted in a high level of investment. This situation stems from the large oil discoveries in the Rovuma basin and significant coal reserves in Tete and Niassa, as well as the fact that the country has managed to attract large multinationals, such as Vale and Rio Tinto, the two largest in the mining sector. , as well as Eni and Anadarko, in the hydrocarbon sector, and very currently Exxon Mobil1, the largest company in the oil and gas sector in the world.

The activities of the aforementioned multinationals, with particular emphasis on the oil companies Eni and Anadarko, resulted in the discovery of significant natural gas reserves, estimated at around 200 trillion cubic feet2, whose exploration is expected to start in 20213, at best.

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