Mozambique’s Mining Export Oversight Strengthened with SGS Contract Approval
The contract signed between the Mozambican government and SGS, a company specializing in verifying the specifications, prices, and quantities of the country’s mining export products, at the end of last year has now been approved by the Administrative Tribunal (TA).
SGS, renowned for its expertise in inspection, verification, testing, and certification of mining exports, is now poised to commence operations as contracted through international public tender.
Having already established a presence in the Mozambican market through its work with the Single Electronic Window (JUE), operated by the Mozambican Tax Authority (AT), SGS is well-positioned to undertake the assigned responsibilities.
A recent meeting between government officials and SGS contractors focused on outlining the scope of work, particularly regarding monitoring the entire process from extraction to export of mining products through national ports or airports.
Acknowledging the prevalence of inaccuracies in data provided by companies, the government underscored the importance of hiring an entity to address these issues, ensuring accurate revenue generation from resource exploitation.
This hiring is particularly significant as the country continues to suffer losses amounting to millions of US dollars annually due to the undervaluation of mining products.
In response to these challenges, a source from the Ministry of Economy and Finance (MEF) highlighted that SGS’s intervention aligns with the government’s commitment to enhancing oversight of extracted and exported ores, rectifying information reporting omissions.
The approved contract, contingent upon AT’s approval, spans a period of three years, signaling a concerted effort to strengthen oversight and revenue generation in Mozambique’s mining sector.
