The International Finance Corporation (IFC) has pulled out of the $2.7 billion project financing being raised by Vale and Mitsui to finance investment in Mozambique’s Nacala Corridor railway and coal terminal. Zitamar News understands that the IFC’s involvement in the project finance deal – which is being orchestrated by financial adviser HSBC and mostly financed…...
Latest Headlines
- Zitamar Daily Briefing, 24 May
- Several beheaded as insurgents cross Macomia
- Vulcan rejects Moatize protesters’ demands, as coal mine strike continues
- Zitamar Daily Briefing, 23 May
- Bank of Mozambique holds interest rates as inflation rises
- Vulcan promises striking coal miners new offer by end of this week
- Moatize coal miners on strike over Vale’s sale to Vulcan
- IS designates Mozambique as its own province following battle in Quiterajo