Browsing: Coal

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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Coal Former Rio Tinto CEO Tom Albanese. Photo © World Economic Forum / Michael Wuertenberg
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Rio Tinto, its former CEO Tom Albanese, and former CFO Guy Elliott have been charged with fraud by the United States’ Securities and Exchange Commission over the company’s acquisition of coal mines in Mozambique’s Tete province, which lost the company [...]

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