Mozambique has globally significant natural graphite resources. Its high reserve grade (16% total graphitic carbon) will enable the Country to participate in the long-term growth of the electric vehicle industry. Mozambique graphite production is set to grow 128.6% in 2022, according to Government estimations, due to the growing demand for this mineral in the international market.
After major graphite miners in the country reduced activity because of lower demand after the beginning of the covid-19 pandemic, activities are under resumption more recently. The Government expects production to more than double, according to statistics. Mozambique is one of the world’s major emerging sources of graphite concentrate, including Sydney-based Syrah Resources’ Balama project, which is the world’s largest integrated natural graphite mining and processing operation.
Mozambique’s mineral potential is largely untapped. Gold deposits in Niassa, Tete, and Manica Provinces have attracted domestic and international investor interest in recent years. Gold mining has been slow to develop as most of its activities are done by informal artisanal miners. However, increasing regulation of gold mining may lead to larger scale production, as the Government begins to require miners to formalize their legal status. After ruby, oil, gas and a multitude of other mineral resources, Mozambique looks set to again shine with yet another great discovery, perhaps one of the largest in Africa and perhaps the world(according to reports). Gold industry production is, therefore, forecasted to grow in the upcoming years.
The global market for the alkali metal lithium is growing rapidly. Between 2008 and 2018 alone, annual production in the major producing countries rose from 25,400 to 85,000 tons. An important growth driver is its use in the batteries of electric vehicles. However, lithium is also used in the batteries of laptops and cell phones, as well as in the glass and ceramics industry.
In Mozambique, major global mining companies are developing major coking coal export projects which could make Mozambique one of the world’s major coal exporters. Some of the proposed new coal mines have included proposals for mine-mouth power stations as their primary markets. Coal resources are vast and have been going under prospecting and exploration projects.
Africa is becoming one of the world’s leading producers and exporters of fluorite. This study is timely because of the increased amounts of African fluorite exported to the United States, which consumes about 20 percent of the world’s annual production of about 5 million metric tons. In recent years, fluorite resources remain untapped in Moazambique and need to be explored and mined efficiently for economic growth in the industry.