Brazil’s CVRD to invest US$ 30 million to rehouse coalmine residents in Mozambique

24 July 2007

Maputo, Mozambique, 24 July – Brazil’s Companhia Vale do Rio Doce (CVRD) will spend around US$ 30 million to rehouse about 1,200 families living in the area of the Moatize coalmining concession in Mozambique, company sources have said.

Andre Vasconcelos, head of CVRD’s social development program, told Noticias newspaper that the funds would be used to build a range of infrastructures, including housing, health centers, schools, markets, garbage tips and water supply points.

The process of rehousing people affected by the Moatize mining project will begin at the end of the year, added Vasconcelos.

CVRD’s Moatize venture from an open-cast mine over a 35-year period is expected to produce 11 million tons of coal annually. Some 8.5 million tons of this will be used as coking fuel for metal industries and the remaining tonnage sent to thermal power stations. (macauhub)