Vale has cut its 2018 coal production forecast in Mozambique from 16 million tonnes to 15 million tonnes, the miner announced on Monday, citing severe weather conditions at the Moatize mines, which led to power plant outages and flooding of five production [...]
Brazilian coal miner Vale has promised to carry out this year an assessment of the environmental impact of its coal mine on the town of Moatize, where locals are complaining that detonations at the nearby open cast mine are destroying their homes and causing [...]
The ministry for mineral resources and energy (MIREME) should establish the functions and powers of a new regulatory body for the petroleum and mining sector – the High Authority on the Extractive Industry (Alta Autoridade da Industria Extractiva, AAIE) as [...]
Vale’s coal operations have made an annual profit for the first time since 2010, thanks to an expansion of its mines in Mozambique, the start of operations on its rail-to-port Nacala logistics project, and higher global coal prices.
Brazilian mining giant Vale announced on Friday that its coal production in Mozambique more than doubled last year. According to the company’s Q4 2017 results, this was due to a ramp up of the Moatize II unit at the [...]
A strike at Vale’s coal mine in Moatize, which began on Friday, 15 December, continued on Monday as workers demand the loyalty bonuses in their contracts, which Vale says were revoked in 2015 with the agreement of the workers’ syndicate. [...]
Brazilian miner and Japanese conglomerate Mitsui signed their $2.73 billion project financing on Monday, with $2 billion coming from Japanese lenders and $700 million from within Africa. The
Brazilian miner Vale has set a date to close its $2.7 billion project finance package for the Nacala Logistics Corridor in Mozambique, after the two biggest participants gave their approval for $2bn worth of lending and credit insurance.
US-based engineering multinational GE, and China Machinery Engineering Corp, could step in to take a majority stake in the Ncondezi coal-to-power project in Tete after