Skip links

Sena Settlement Agreement

The Sena settlement agreement is a legal agreement between the Sena Group and the Mozambican government. It involves the settlement of a dispute over the ownership of coal mines in the Tete province of Mozambique.

The Sena Group, which is a subsidiary of the Indian company Jindal Steel and Power Limited, had acquired mining rights for coal in Tete province in 2007. However, the Mozambican government had contested the legality of the acquisition and the dispute led to a legal battle.

The Sena settlement agreement was reached in 2014 after several years of negotiations. The agreement involved the transfer of ownership of the coal mines to the Mozambican government. In return, the Sena Group received compensation and the right to explore other mining opportunities in Mozambique.

The Sena settlement agreement is significant because it marked the end of a long-standing legal dispute between a foreign company and the Mozambican government. The settlement was seen as a win-win situation for both parties as it allowed the Sena Group to move forward with other mining opportunities in Mozambique, while the Mozambican government was able to assert its ownership over the natural resources in the Tete province.

In addition, the Sena settlement agreement also highlighted the importance of transparency and fairness in the mining industry. It set a precedent for future disputes involving the ownership of natural resources in Mozambique and demonstrated the government’s commitment to protecting its sovereignty and natural resources.

Overall, the Sena settlement agreement is a significant milestone in Mozambique’s mining industry. It demonstrates the importance of transparency and fairness in the ownership of natural resources and sets a precedent for future disputes.

This website uses cookies to improve your web experience.
See your Privacy Settings to learn more.