Browsing: Moatize mine

Coal
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Vale promises Mozambique mine shut-downs as locals demand resettlement

Brazilian coal miner Vale has promised to temporarily stop mining at its second Moatize mine if pollution reaches unacceptable levels in the town, but a member of Mozambique’s parliament who lives in Moatize has instead demanded the company shut the mine [...]

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Coal
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Vale Mozambique makes ‘significant improvement’ to lose $105m in 2016

Brazilian mining giant Vale reported that earnings from coal “improved significantly in 2016,” following the start-up of its the Nacala Logistics Corridor and its second mine at Moatize, and a rally in the global price of coal.

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Child killed in accident at Vale’s Mozambique mine

A 10-year-old boy was buried alive on Wednesday morning whilst playing at Vale’s Moatize II coal mine, in Mozambique’s north-western Tete province, leading to an angry response from relatives and local residents. Private security company G4S intervened and allegedly shot rubber bullets into the [...]

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Coal
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Vale sees $3 billion Mozambique coal deal by end 2016

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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