African Mining October 2019 | Page 57

MTE EXHIBITIONS  Reclaimer at work Moatize Coal Mine’s stocking yard. expansion of Moatize mine through a railway system connecting the existing mine in Moatize to a new coal terminal in Nacala Velha (Mozambique). The project was funded by Vale and has the potential of being developed into a transport corridor for Mozambique's Tete Province, and possibly Zambia and the Democratic Republic of Congo (DRC). The railway line is in the north- western region of Mozambique, starting at Moatize in the Tete Province, going through Malawi and connecting to the existing railway network at Nkaya Junction. "There has been a lot of investments for the development of a liquified natural gas (LNG) project. In addition to minerals, Mozambique also has natural gas reserves. Since the discovery of the natural gas in the northern region of Cabo Delgado, there has been a lot of investments for the development of a liquified natural gas (LNG) project. The project will be operated by US energy company Anadarko and will cost over USD20-billion. With approximately 75 trillion cubic feet of recoverable natural gas discovered, the Mozambique LNG project will see the www. africanmining.co.za African Mining Publication country become a major energy supplier to Africa and the rest of the world. Although there is progress in Mozambique’s mining and energy industries, there are still many obstacles to overcome. KPMG’s Country Mining Guide highlights a lack of infrastructure as one of the main challenges facing the country’s mining industry. The other challenge is related to safety and security, with the terrorist- related attacks in the Cabo Delgado province. The attacks were mainly driven by the LNG project development in the region. Fortunately, Mozambique’s stable political and mining regulatory framework make it attractive from an investment viewpoint. Such stability will contribute to the country’s mining and energy development.  African Mining African Mining  October 2019  55