Browsing: Mitsui

Coal The flood-damaged bridge over the River Revuboe. Photo © Fungai Caetano / Zitamar News
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Nine people have died and thousands have been left homeless by the flooding in Tete that has caused almost MZN 1 billion ($16 million) worth of damage to infrastructure in the province. The bridge over the Revubue, which connects Moatize with the city of [...]

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Storage & Warehousing The Nacala railway. Photo: Mitsui
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- Gunvor is paying for the $20 million refurbishment of Nacala fuel terminal, and is negotiating rights to all non-coal capacity on the Nacala rail line, sources say - Traders fear the deal will give the Swiss-based commodities trader control of fuel sales to Mozambique’s [...]

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Extractives Operations on offshore Area 1, Mozambique. Photo: Anadarko
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Investors are queueing up to take a 10% stake in the Anadarko-led Offshore Area 1 LNG project in Mozambique’s Rovuma Basin should a Japanese state-owned company decide to dispose of its interest in the project, the CEO of Mitsui said on Wednesday. [...]

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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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