Browsing: Coal

Coal Vale's Moatize mine. Photo: Vale
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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 [...]

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Coal Vale's Moatize II coal mine and adjacent houses. Photo © Fungai Caetano / Zitamar News
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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 [...]

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Coal Minister Max Tonela at Frelimo's Central Committee meeting in Matola, 25 March 2018. Photo © Alexandre Nhampossa / Zitamar News
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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 [...]

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Coal Workers block the road to Vale's coal mine in Moatize, 15 December 2017. Photo © Fungai Caetano / Zitamar News
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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. [...]

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Coal A train on the Nacala Logistics Corridor. Photo: Mitsui
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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.

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