Maputo, Mozambique, 19 Aug – The Mozambican subsidiary of Brazilian mining giant, Vale, Vale Moçambique is due this month to start exporting coal mined in Moatize, Tete province, to the European market, the coordinator of Vale’s Communication and Development Office.
Vanessa Bernardo told Mozambican newspaper Notícias that within the next few days a ship would dock at the port of Beira that will carry the coal that started being transported last week from the mine to the coal terminal at the port along the Sena railroad.
The Moatize coal mine, in the coal basin of the same name, which in this first phase involves investment of US$1.658 billion, will produce 11 million tons of metallurgical and thermal coal per year, and the latter will also be used for the company’s own consumption to fire its power plant and to link up to the Mozambican national grid.
Brazil’s Vale, which set up in Moatize in 2004, has a concession on one of the world’s largest coal reserves, and the company expects positive results in the near future.
The Moatize project, which is currently Vale’s largest investment in the coal sector, is part of the group’s strategy to become a benchmark in the world coal sector and it also has a portfolio of mining projects in Australia and Colombia, as well as minority stakes in two partnerships in China. (macauhub)