Financial Times FT.com

Zuma’s ANC

Boom clouded by uncertainty

By Andrew England

Published: February 8 2012 15:04 | Last updated: February 8 2012 15:04

When the first batch of coal from the Moatize mine in Mozambique’s remote Tete province was loaded on to the Orion Express and shipped out to sea last September, it was a further illustration both of mining’s potential in Africa and increasing foreign investment in the mineral-rich continent.

The Moatize mine is operated by Vale of Brazil and the 35,000 tonne shipment marked the first export from a project in which the group has invested $1.66bn, as it seeks to exploit some of the world’s richest coal deposits.

A worker rides a chair lift

Off to work: if constraints are resolved, the South African mining sector could grow by more than 3 per cent a year and within a decade could create 100,000 jobs

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