Developing mineral resources in Mozambique
Baobab Resources plc is a Mozambican-focused explorer with a large landholding in the central north of the country. The company’s flagship project is the Tete pig iron deposit.
The Mozambican Government is firmly committed to encouraging foreign investment in developing Mozambique’s mining industry. To this end, a new mining and geological policy has been implemented with the revision of the Mining Law (2002) and Regulations (2003). The revision was funded by the World Bank and a new cadastral system implemented. The new Act and Regulations have streamlined the licensing procedure and introduced reasonable minimum constraints on prospecting and mining activities which has provided security of tenure and created a more favourable investment and exploration environment.