The government has no doubt that the various regulatory measures it has taken to remove barriers to investment in the extractive sector will ensure that its contribution to Gross Domestic Product (GDP) reaches 16% by 2030..

The assurance was given on Wednesday by the Minister of Economy and Finance, Max Tonela, representing the Prime Minister, Adriano Maleiane, at the International Conference: Mineral Energy Resources as a Vector for Global Economic Sustainability.

According to the government, one of the measures that the executive has decided to implement within this framework is the establishment of the Kimberley Process Management Unit, responsible for managing security procedures, internal control and the marketing of precious metals and gems.

On the occasion, Max Tonela said that there had been progressive increases, year after year, in the data relating to the production and export of gold and precious stones, which contributed to the increase in the state's revenue.

"This sector should contribute more to boosting Mozambique's socio-economic development, as there is still a lot of fiscal space to be explored," said Tonela, adding that "in our view, taxation should be done in such a way as not to overburden companies, but also to ensure that they assume their responsibility in the pursuit of sustainability and equity."