Eurasian Natural Resources Corporation presents coal terminal in Mozambique

5 September 2012

Eurasian Natural Resources Corporation (ENRC) is due to make a public presentation of a coal terminal project to be built in Nacala-a-Velha at meetings scheduled for next week in the Mozambican cities of Nampula and Nacala-Porto, Macauhub learned Tuesday in Maputo.

The company, which has its headquarters in London and is listed on the London and Kazakhstan stock exchanges, plans to build and operate a port terminal for exporting coal at Namuaxi point (Nacala bay) near the town of Nacala-a-Velha.

The project for construction and operation of a coal terminal in Nacala-a-Velha is associated to another one by ENRC for construction of a railway line between Chiúta, in Tete province, and Nacala-a-Velha in Nampula province.

ENRC and Jindal Resources (Mozambique), Ncondezi Coal Company and Minas do Revobué are part of a group of coal sector companies expected to start mining coal within the next three years.

ENRC entered the Mozambican market following its acquisition, in 2009, of the Central African Mining Exploration Company (CAMEC), and will mine for coal at its concession in the district of Cahora Bassa, in the Moatize coal basin. (macauhub)