Coal Bidding Round Likely To Be Held In June 2014
News: The Mozambique government is likely to launch a bidding round for coal mining in its Tete and Niassa provinces in June 2014, reports Reuters. Only some blocks in Tete and Niassa will be offered in the bid, according to Eduardo Alexandre, national director of mines at the mineral resources ministry. However, Alexandre did not specify the number of blocks to be included in the bidding.
BMI View: The country's nascent coal sector will be the main driver of growth, accounting for around 95.0% of mining industry value by 2017. Almost all of the country's coal production will be exported and thus Mozambique will become a key driver of global supply, with India and China the main destinations.