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Bullish Growth Story For Mining Sector BMI View: Mozambique will be one of the major growth stories in the global mining sector, as a combination of investment into the country's sizeable coal reserves and a relatively strong business environment coalesce to provide rapid growth in output. We expect the value of the country's mining sector to grow from US$263mn in 2012 to US$735mn in 2017, an increase from 1.8% of GDP in 2012 to 2.9% in 2017. Mozambique's nascent coal sector is set to take off in the next few years, boosting the country's mining industry. Almost all of the coal produced will be exported and thus Mozambique has the potential to become one of the largest global exporters, with India and China the main destinations. While the outlook for the sector is po ...
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