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
Browsing: Vulcan Resources
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