Indian group Jindal Steel and Power (JSPL) plans to start supplying itself wit coal mined in Mozambique as of the beginning of 2013, said the group’s managing director, Naveen Jindal, according to the Press Trust of India (PTI).
“After we started looking for coal mines in Mozambique five or six years ago we are now producing and I expect that in the first quarter of 2013 we will start receiving some of the coal that will be mined,” said Jindal.
The managing director of JSPL said that the company was still seeking coal mining opportunities, particularly in West Africa and added “we have been visiting some countries but nothing is definite yet.”
The Mozambican mine is of strategic importance to Jindal as it contains as much thermal coal as coking coal. The thermal coal will be used to fire a power plant with production of 2,640 megawatts.
The JSPL group, which has an annual production capacity of 3 million tons of steel and 2,500 megawatts of power, plans to produce 20 million tons of steel and 21,000 megawatts of power, in partnership with its subsidiary Jindal Power, by 2020. (macauhub)