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The bill also foresees the restructuring of INAMI and the creation of a Mining Promotion Agency, and of a Mining Regulatory Authority, which will be focused on licensing and controlling permits and independent technical oversight.
Mozambique’s National Mining Institute (INAMI) presented publicly a bill on the mining sector, which foresees the channelling of 10 percent of revenues from mining operations to the development of the province, districts, and local communities where the operations are taking place.
The bill also foresees the restructuring of INAMI and the creation of a Mining Promotion Agency, and of a Mining Regulatory Authority, which will be focused on licensing and controlling permits and independent technical oversight. However, Fátima Mimbire, project director of the Mozambican NGO N’weti, said that the percentage suggested in the bill is minimal.
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She also called for the inclusion of community representatives in order to prevent funds from being taken or misused by “local elites.” Other measures proposed by the bill include promoting national businesses by prioritizing the local acquisition of goods and services by mining companies, and preventing and combating money laundering and terrorism
