Mozambique's key exports — LNG, coal, and aluminium — face 20-30 day payment delays through Banco de Moçambique's limited correspondent network. LCORE's gold DVP eliminates the multi-hop SWIFT chain entirely: buyer deposits gold in Abu Dhabi escrow, commodity ships, delivery is confirmed, and gold releases to the exporter. Settlement completes in 2-3 business days with a minimum transaction size of $5M. No USD intermediary bank required.
Request ConsultationWhen MZN payments are blocked by correspondent banking compliance, LCORE's gold DVP provides a neutral Abu Dhabi alternative. Mozambican gas exporters can deposit physical gold into DVP escrow -- commodity delivers -- payment in MZN confirms -- gold releases. 2-3 working days.
ADGM English Law governs. Lloyd's $200M insurance throughout. UAE geopolitically neutral -- not subject to US, EU, or UK sanctions regime.
Confidential. Min $5M. ADGM 28158.
Mozambique holds some of the world's largest natural gas reserves, with the Rovuma Basin offshore fields representing a transformative energy commodity export base. TotalEnergies' Mozambique LNG project (Cabo Delgado) and ENI's Coral South FLNG (first LNG cargo 2022) are the anchors of Africa's largest LNG development. Coal from the Moatize Basin in Tete Province — operated by Vale and Vulcan Resources — ranks among the world's highest-quality coking coal, exporting primarily to India and Asian steelmakers via Nacala and Beira ports. Aluminium from the Mozal smelter near Maputo (BHP, Mitsubishi) is a major industrial commodity export. Titanium mineral sands (ilmenite, rutile, zircon) from the Moma deposits (Kenmare Resources) supply European and Chinese pigment manufacturers. Tobacco from Tete and Zambezia provinces exports to Asian and African buyers. Prawn fishing from the Sofala Bank targets Japanese and European markets.
The Mozambican metical (MZN) has experienced significant volatility. Mozambique's banking sector was severely damaged by the 'tuna bond' scandal (2013-2016), in which $2.2B in secret government-guaranteed loans collapsed — triggering donor suspension and a sovereign debt crisis. Several international banks that facilitated the tuna bond transactions (Credit Suisse, VTB) faced regulatory penalties, and the entire Mozambican sovereign banking relationship with Western institutions was fundamentally damaged. Mozambican commercial banks have extremely limited independent correspondent relationships, relying on South African and Portuguese bank intermediaries. AML scrutiny of Mozambican-origin USD transactions remains elevated. LNG export revenues from Coral South FLNG flow through project finance structures that bypass domestic banking, but independent traders and coal exporters face significant payment delays. LCORE's gold DVP provides Mozambican commodity exporters with a neutral Abu Dhabi settlement mechanism operating outside the damaged Mozambican sovereign banking infrastructure.