Projections for coal production in Mozambique fall by 20 pct in 2013

6 August 2013

Mozambique has reduced its projected coal production for 2013 by 20 percent due to floods in the first quarter of the year, the Finance Ministry said.

Mozambique had previously forecast production of 8.9 million tons of coal in 2013, but it is now expected to total just 7 million, according to a statement from the Finance Ministry.

Heavy flooding in January, causing 69 deaths, led to coal production coming to a halt as well as rail transport of the coal from the mines located in Tete, central Mozambique, to the port of Beira on the Indian Ocean.

Revenues from coal exports totalled US$81.4 million in the second quarter of the year, which was a drop of 7.4 percent against the same period of the previous year, according to figures from the Central Bank. (macauhub)