Browsing: Vulcan Resources

Coal

8. July, 20220

Jindal drops Beira corridor to send all its coal via Nacala

Jindal's coal mine in Chirodzi will now send its coal to Nacala, handled by its sister company Vulcan Resources which bought the Moatize mines and Nacala Logistics operation from Vale this year

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Coal

17. May, 20220

Vulcan promises striking coal miners new offer by end of this week

The Moatize coal mines' new owners have confirmed industrial action is ongoing — but is not connected to a fire at the project last week

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Coal

13. May, 20220

Moatize coal miners on strike over Vale’s sale to Vulcan

Workers on the coal mines, bought last month by Jindal's Vulcan Resources, have downed tools, demanding payment to ensure they do not lose out in the transaction

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Coal

28. April, 20220

Vale’s coal mine turns 38% profit as prices spike ahead of cut-price sale to Jindal

Vale's revamp of the Moatize mining operation, combined with higher global prices, led the project to make a $170m profit just as the Brazilian company sells it to India's Jindal group for just $270m

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