Rio Tinto Coal Mozambique to invest US$160 million this year

7 August 2012

Rio Tinto Coal Mozambique, a company that operates in the coal sector in Mozambique, plans this year to invest US$160 million, said the managing director of Rio Tinto, Eric Finlayson, cited by Mozambican daily newspaper Notícias, in Tete.

On Monday, Rio Tinto Coal Mozambique opened a business centre in the city to ensure that local suppliers can benefit from the increasing number of opportunities offered by the company.

The centre will make it possible for local suppliers to present their products and services to Rio Tinto as well as to inform them about the company’s needs and register them as suppliers.

Rio Tinto is an international group that operates in the mining sector, based in the United Kingdom, which combines Rio Tinto plc, a company listed on the London and New York stock exchange, and Rio Tinto Limited, which is listed on the Australian stock exchange.

Rio Tinto has mining operations all over the world but is particularly strong in Australia and North America, and has significant businesses in South America, Europe, and Southern Africa. (macauhub)