Brazil’s Vale partners Japanese company to obtain geological data on Southern Africa

11 June 2010

Maputo, Mozambique, 11 June – Brazilian miming company Vale, the concession holder of a coal mine in Mozambique, has signed a contract with Japan Oil, Gas and Metals National Corporation (Jogmec) to develop technologies for exploring natural resources in Southern Africa.

Under the terms of the agreement, Vale and Jogmec will share information processed by the Remote Sensing Centre, a centre for processing satellite images being compiled by the Japanese company in the countries of the Southern Africa Development Community (SADC)..

The centre aims to process geological data on the SADC region using Japanese technology to analyse satellite and radar images.

The SADC was set up in 1980 and has 14 member nations: Mozambique, Angola, the Democratic Republic of Congo, Tanzania, Zambia, Malawi, Zimbabwe, Namibia, Botswana, Lesotho, South Africa, Madagascar. Mauritius and Swaziland.

Vale, formerly Vale do Rio Doce, is exploring a coal mine in Moatize, one of the largest in the world at an estimated cost of US$1.3 billion.

After investing US$302 million in 2009, Vale expects to invest US$594 this year, and mine 11 million tons of coal per year in the first phase of operation.

According to a report from the company on performance in 2009, the Moatize project will receive the second largest influx of investment in 2010, after the Salobo project in Brazil, in which the company plans to invest US$600 million.

Vale currently mines minerals such as iron, manganese, nickel, copper, coal and diamonds in five SADC countries – Angola, the Democratic Republic of Congo, South Africa, Zambia and Mozambique. (macauhub)