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

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

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