Brazilian miner Vale has turned a profit on its coal operation in Mozambique for the first time since 2013, the company has told investors. Key to the company’s success has been the commissioning of two new projects – the Moatize II coal mine, and the Nacala Logistics Corridor, a rail line from Moatize to a…...

Vale's global head of coal, Roger Downey, addressing investors on 29 November 2016. Photo: Alyssa Ringler / Vale