Mozambique Enacts 15% State Stake Rule in Mining to Boost Local Processing
Mozambique has introduced a new law mandating a 15% state ownership in all mining ventures and requiring local processing of minerals. This move, signed into law by President Daniel Chapo, aims to enhance the country's control over its resources amid rising demand for battery materials. Mozambique, a significant graphite producer, seeks to strengthen its management of strategic resources. The law, approved by Parliament in May, stipulates that the state, through the National Mining Company (ENM), will have a minimum, free-carried, and non-dilutable participation in all mining projects. It remains unclear if these rules will apply to existing mines, which are under long-term agreements. The new regulations also restrict the export of unprocessed or semi-processed minerals unless authorized by the ministry. 
