Browsing: Coal

Coal Vale's Moatize mine. Photo: Vale

Brazilian miner Vale has written $2.4 billion off the value of its coal assets in Mozambique over the last year, now valuing its project in the country at $1.73 billion. The operation continues to lose the company half a billion dollars per year, Vale said in its [...]

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Coal A worker at Vale's Moatize coal mining project. Photo: Vale

Some 1,400 workers at Vale’s Mozambique coal mine in Moatize, Tete province, are on strike after they were told they will not benefit from a profit-sharing scheme this month, according to a report in Mozambique state news agency AIM. According to