MOU with the Mozambique Government in the Field of Resources
Supporting resource-related projects for Mozambique by Japanese corporations

  • Area: Africa
  • Energy and Natural Resources

JBIC concluded an MOU with the Mozambique Ministry of Mineral Resources (MIREM) aimed at the exchange of information and opinions as well as joint cooperation toward developing and implementing resource-related projects in Mozambique in which Japanese corporations are involved. Mozambique is rich in energy and mineral resources, such as natural gas and coal, and Japanese corporations have shown a strong interest in participating in such projects. When Japanese Prime Minister Abe visited Mozambique in January 2014, the two countries reached agreement on the Japan-Mozambique Development Initiative based on Natural gas and coal, in accordance with the Japan-Mozambique "amizade" (meaning friendship in Portuguese) partnership, and it was decided to facilitate efforts such as improving the investment environment which promotes the resource-related projects. The MOU will contribute to further exchanges of information and opinions, as well as to the establishment of frameworks for capacity building and joint cooperation in project development with the MIREM. Moreover, progress in the resource-related projects under bilateral initiatives is expected to lead to the diversification of resource and energy supplies for Japan, and to business expansions for Japanese companies.
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