Mozambique Mining Report Q3 2009

Government officials remain positive about the outlook for Mozambique's mining sector, but it is likely to be affected by the global downturn and falling commodity prices. Speaking at the World Economic Forum in January 2009, Mozambique's Prime Minister, Luisa Dias Diogo, said the country's economy should grow by 6.5-7% in 2009, and that the downturn would be countered by higher agricultural input and aid flows. The national director of Mining Resources, Fatima Momade, said in July 2008 that the mining and oil sectors should be the primary drivers behind GDP growth hitting around 15% by 2010 ??