Brazilian miner Vale has written $2.4 billion off the value of its coal assets in Mozambique over the last year, now valuing its project in the country at $1.73 billion. The operation continues to lose the company half a billion dollars per year, Vale said in its end of year financial results statement released on…...
Latest Headlines
- Kenmare made record profits in 2022 despite drop in demand from China
- March organiser tells of torture ordeal at hands of Mozambique’s police
- Exxon tenders for contractors to build revised Mozambique LNG project
- Freddy flooding cuts Mozambique coal export routes
- Shipping giant Maersk found sailing illegal timber from Mozambique to China
- Mozambique police fire tear gas on protest rapper’s funeral march
- Cyclone Freddy brings destruction and flooding to Mozambique again
- Total and EDF submit bid for controversial Mozambique mega-dam project