Nippon Steel group plans to start mining in Mozambique as soon as possible

9 February 2012

Maputo, Mozambique, 9 Feb – Japan’s deputy minister for the Economy, Trade and Industry, Tadahiro Matsushita, Wednesday in Maputo asked the Mozambican government to grant the coal mining license to Japanese group Nippon Steel Corp as soon as possible.

At the end of an audience with the Mozambican President, the Japanese deputy minister said that Nippon Steel Corp. Was already working on surveying and prospecting for coal in Tete province, and for that reason, “I have requested the mining license be granted as quickly as possible.”

Japanese group Nippon Steel Corp. which, at the end of 2011 announced a coking coal production project in Revubué, in Tete province, plans this year to start installing equipment in order to put the project into its exploration phase by 2014.

According to daily newspaper Notícias, Tadahiro Matsushita also said that in the next few days prime Minister Aires Ali and Mining Resources Minister Esperança Bias, were due to travel to Japan in order to conclude specific agreements on two-way cooperation in the mining sector.

As part of cooperation between the two countries, Tadahiro Matsushita said that his country may provide funding to Mozambique to repair infrastructure, train staff and also contribute to creating jobs.

As an example he said that Japan could provide funding for construction of the road linking Tete to Nacala, as well as emergency repairs to the port of Nacala.

Repairs on the port of Nacala are expected to cost US$270 million according to a recent estimate from the Japanese International Cooperation Agency (JICA).

As well as coal, Japanese companies are also interested in natural gas through Mitsui E&P Mozambique Area 1, Ltd, which has a 20 percent stake in an oil and gas concession in Mozambique’s Rovuma basin. (macauhub)