Vale Moçambique keeps coal export target for this year unchanged at 4.9 million tons

13 March 2013

Vale Moçambique has kept its projection of exporting 4.9 million tons of coal this year unchanged despite a temporary stoppage of the Sena railroad, which links Moatize to the port of Beira, said the director of the Vale Group for Africa Tuesday.

“We are confident that we will be able to recover what we have lost (due to the rains),” Ricardo Saad told financial news agency Reuters, noting that the railroad had been at a standstill for two weeks, which meant that the group had to cite reasons of force majeure for not meeting its contractual obligations.

Saad also said that Vale Moçambique plans to export 111 million tons of coal per year until 2015 and to double that amount two years later, although the project to expand the Moatize mine has been delayed for 12 months, until the second half of 2015.

Saad noted that Vale Moçambique was working with state port and rail company Portos e Caminhos de Ferro de Moçambique (CFM) to overcome some logistical difficulties and increase the capacity of the Sena line, which is the only railway that carries coal mined in Tete province to the Indian Ocean coast. (macauhub)