Indian consortium, Coal Ventures International shows interest in coal mining in Mozambique

25 August 2009

Maputo, Mozambique, 25 Aug – Indian consortium Coal Ventures International has shown interest in buying blocks for coal mining in Mozambique, according to a document from the Indian High Commission in Mozambique, to which Macauhub had access in Maputo.

The document said that the consortium, made up of Indian state comapnies, Coal India, Steel Authority of India, National Thermal Power Corporation (NTPC), National Mineral Development Corporation (NMDC) and Rashtriya Ispat Nigam Limited (RINL), was set up to jointly explore coking coal, other minerals and bio-energies.

Tata Steel, a private Indian company, has made a large investment in mining coal in Mozambique’s Tete province, in partnership with na Australian company.

India is one of Mozambique’s strategic economic partners, similarly to South Africa, Brazil, China and Portugal.

Ricon, a consortium made up of Indian companies Rites and Ircon International is involved in the reconstruction and management of the Sena railway line. (macauhub)