Coal India plans to begin third Mozambican coal bloc prospecting phase in 2015

31 December 2013

The Coal India Ltd (CIL) group will in early 2015 begin the third and last phase of prospecting in two Mozambican coal blocs, reports India’s Business Standard newspaper.

“The second prospecting phase is currently under way, after suffering minor delays due to the rains. We will nevertheless start awarding new drilling contracts this coming March, so the third phase should begin in 2015,” said a senior company official.

The Indian group has already drilled 17,000 metres of the planned 30,000 metres in two blocs with estimated reserves of a billion tons, allocated under an agreement signed by the governments of Mozambique and India.

The official cited by the newspaper said that plans called for coal mining operations to begin in 2016, by which time the new railway linking Moatize in Tete province to Nacala should be operational and the Sena line will have more carrying capacity.

The CIL group aims to export all coal mined in those two blocs to India. (macauhub)

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