ArcelorMittal South Africa to buy coking coal mines in Mozambique

26 July 2012

ArcelorMittal South Africa has started talks with mining groups Vale and Rio Tinto to buy coking coal mined in Mozambique, an official from the South African steel making company said cited by financial news agency Reuters.

During a presentation in Johannesburg, William Nel, the director of the procurement and logistics department, said that ArcelorMittal South Africa would this year buy between 300,000 and 400,000 tons of coking coal produced by Brazilian mining company Vale.

In terms of Rio Tinto, Nel said, the company was testing samples and, if the tests were successful, “we expect to buy 500,000 tons from them in 2013.”

Coking coal is one of the essential raw materials for producing steel. (macauhub)