Browsing: AfDB

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 A train on the new rail line from Tete to Nacala. Photo: GPR Leasing Africa
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Brazilian mining company Vale expects to finally close a deal to sell part of its coal mining and logistics projects in Mozambique to Japan’s Mitsui before the end of this month, even without closing a linked $2.7 billion project finance deal. [...]

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Electricity Power lines in Tete province. Photo courtesy ncondezienergy.com
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Mozambique still needs to decide the route for its portion of a 935 km transmission project linking its electricity grid with neighbouring Zimbabwe and South Africa, according to a report presented to the management committee of the Southern African Power [...]

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