Browsing: Mitsui

Coal
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Floods leave thousands homeless, and halt Vale coal exports from Tete

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
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Gunvor’s Nacala play could give it control of regional fuel supply

- 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
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Mitsui says investors are queuing to buy 10% stake in Mozambique LNG project

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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