Browsing: JBIC

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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Transport Locomotives on the Nacala line. Photo: CDN
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The International Finance Corporation (IFC), part of the World Bank group, is planning to lend $265 million to Vale and Mitsui’s Nacala Logistics Corridor project in Mozambique - however the companies are still more than $2 billion short of their funding [...]

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Coal Vale's Moatize mine. Photo: Vale
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Brazilian mining giant Vale is hopeful of completing a deal by the end of this year to sell or refinance $3 billion worth of its investment in Mozambique. However, it has admitted the deal could be downsized due to a revaluation of its assets, and the [...]

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