Ncondezi Energy, pivoting to renewables, hopes to find a buyer while geopolitical pressures bolster demand for coal

Jindal's coal mine in Chirodzi will now send its coal to Nacala, handled by its sister company Vulcan Resources which bought the Moatize mines and Nacala Logistics operation from Vale this year

The new owner of Vale's Moatize coal mines is taking a hard line against employees and locals protesting against the sale

The Moatize coal mines' new owners have confirmed industrial action is ongoing — but is not connected to a fire at the project last week

Workers on the coal mines, bought last month by Jindal's Vulcan Resources, have downed tools, demanding payment to ensure they do not lose out in the transaction

Vale's revamp of the Moatize mining operation, combined with higher global prices, led the project to make a $170m profit just as the Brazilian company sells it to India's Jindal group for just $270m

With coal demand still growing in India, Jindal’s purchase of Vale’s Moatize mines is no surprise — but the structure of the deal raises questions

As Brazilian mining giant Vale prepares to quit Mozambique almost two decades after it won…

Ncondezi's Hanno Pengilley said that while early stage projects will likely now be shelved, he expects more advanced projects, like Ncondezi, to be honoured

The $1bn Baobab Resources iron and steel project -- which President Nyusi promised to get off the ground this term -- has been drastically scaled back