Brazil’s Vale interested in phosphate mine in Mozambique

22 August 2011

Sao Paulo, Brazil, 22 Aug – Brazil’s Vale is considering investing in a phosphate mine in Nampula, Mozambique, which could be as big as its coal mine in Moatize, in Tete province, awarded to the company by the Mozambican government, Macauhub has learned from an official source.

The concession is being discussed by the Brazilian company and the Mozambican Directorate for Mines.

Vale plans to explore the mine to use the phosphates for fertilizer production.

The Brazilian company is also interested in another coal concession in Maniamba, in Niassa province, northern Mozambique, with an area of 4,000 square kilometres and is expected to put forward a proposal to the Mozambican government by 2013. (macauhub)