Vale Moçambique, a subsidiary of Brazilian mining group Vale, Wednesday signed a cooperation agreement with Mozambican state rail and port manager Portos e Caminhos de Ferro de Moçambique to build the Nacala logistics corridor, Mozambican newspaper O País reported.
The company’s director for logistics, Ricardo Saad, said this would be Vale’s biggest logistics project in Africa, and that the project was expected to solve the issues of transporting natural resources, particularly coal.
Saad also said that the project was complex, but added that the company planned to finish construction of the railroad by the second half of 2014.
The Vale representative said that the company’s aim was to make the coal business in Mozambique viable, and that trains should start running by the second half of next year. (macauhub)