Mozambique to export 1 million tons of coal this year

10 February 2011

Cape Town, South Africa, 10 Feb – Mozambique is expected to export 1 million tons of coal per year starting in June and 10 million tons per year from 2016, the Mozambican Mining Resources minister said in Cape Town Wednesday.

Speaking to the Reuters news agency on the sidelines of a conference on mining in Africa, Esperança Bias said that most of the coal would be exported via the ports of Beira and Nacala.

The Mozambican government has already granted around 100 coal mining licenses, Bias said, adding that this year investment would be less than the US$900 million recorded in 2010.

“I think that investment will fall slightly this year, after which it will rise again when companies start building coal processing units for later local consumption or for export,” Bias said. (macauhub)