Mozambique enforces 15% state stake in mining and introduces export ban

Mozambique has enacted sweeping mining reforms that will fundamentally alter the terms on which mining ventures are developed in the country. President Daniel Chapo signed the new mining law on 3 June, following parliamentary approval in May. The legislation mandates a minimum 15% free-carried and non-dilutable state equity stake, held through the National Mining Company (ENM), across all mining projects, with that share able to increase further.