Expectations are high in Mozambique that its wealth of minerals, oil, gas and precious stones will fund health care, education and infrastructure, helping to end the extreme poverty that blights the lives of most of its citizens.
This case study examines one of the longest standing foreign investments in Mozambique by the Irish company, Kenmare, whose Moma mine is extracting mineral sands worth tens of billions of dollars. Sadly, the case of Kenmare’s Moma mine suggests that foreign multinationals will devour the lion’s share of the country’s precious, non-renewable resources, while Mozambicans will just be left with the crumbs.
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