Browsing: Coal

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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Transport A train on the Nacala Logistics Corridor. Photo: Mitsui
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Mozambique and Malawi on Friday signed an accord to smooth the passage of trains running on the new rail line from Tete province to the port of Nacala - a key requirement to allow Vale and Mitsui’s $2.7 billion financing package for the Nacala Logistics [...]

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Coal A 460 MW coal-fired power plant in India belonging to NTPC, one of the founding partners of ICVL
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Ncondezi Energy will start selecting preferred bidders next month to partner in its project to build a 300 MW coal-fired power plant in Mozambique’s north-western province of Tete, after Shanghai Electric Power was removed from the project after three [...]

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