Mining Industry – Page 172

Economy & Business: Rio Tinto Coal Mozambique spends US$295 million in 2013 on goods and services

Posted on March 27, 2014May 27, 2014 by Mozambique Resources Post

Rio Tinto Coal Moçambique (RTCM) in 2013 spent US$295 million on goods and services from Mozambican companies, said Pedro Sacadura Botte, the financial and public relations director of the Rio Tinto group subsidiary. The acquisitions included fuel, coal and personnel transport, security, catering, consulting, office supplies and other goods and services. Sacadura Botte said that “the company is committed to the development of local businesspeople, which is one of the essential factors for sustainable development…

Mozambique Mining: Beacon Hill Resources takes delivery of rolling stock to export Moatize coal

Posted on March 27, 2014May 27, 2014 by Mozambique Resources Post

The 90 rail trucks leased by British company Beacon Hill Resources to transport coal mined in Tete, Mozambique, are expected to go into service soon, the company said. According to a statement from Beacon Hill, the trucks are expected to go into use after they are released by customs. They arrived at the port of Beira, in Mozambique on 7 March and have already been inspected by technical staff from start port and rail manager…

Extractive Industry: Taxes on deals involving mining assets expected to net Mozambique US$3 billion

Posted on March 27, 2014May 27, 2014 by Mozambique Resources Post

Mozambique may collect taxes of US$3 billion by the end of the year, or twice the amount of capital gains tax charged so far on the sale of mining resources, the president of Mozambique’s Tributary Authority (AT), Rosário Fernandes said Wednesday in Maputo. The president of the AT said that by the end of the year he intended to conclude the process of charging seven international groups who sold either their entire or part of…

Mozambique: “Tete most favourable sub-Saharan Africa coal destination” – Beacon Hill

Posted on March 21, 2014May 27, 2014 by Mozambique Resources Post

JOHANNESBURG – Mozambique’s Tete coalfield has the most potential for development over the next ten years, when compared with other sub-Saharan African coal mining areas, such as the Trans-Kalahari corridor, stretching over Botswana and Namibia, and the Waterberg coalfields, in South Africa, London-listed Beacon Hill Resources CE Rowan Karstel said on Thursday. Speaking at the Heavy Haul Rail Africa 2014 conference, in Sandton, he said Tete had the advantages of high-quality coal and being connected to good…

Mozambique: Agreement opens way for 300 MW Moatize coal-fired power project

Posted on March 21, 2014May 27, 2014 by Mozambique Resources Post

Maputo, Mozambique – A 25-year concession contract was signed on Friday opening the way for the development of a 300 MW, $1-billion coal-fired independent power producer (IPP) project in the Tete province of Mozambique, about 1 500 km north of Maputo. The contract was conclude between the government of Mozambique and a consortium led by ACWA Power, a Saudi Arabian company that has a 15 979 MW global electricity portfolio. Brazilian mining group Vale and…

Hello world!

Posted on August 3, 2012May 27, 2014 by Mozambique Resources Post

Welcome to WordPress.com! This is your very first post. Click the Edit link to modify or delete it, or start a new post. If you like, use this post to tell readers why you started this blog and what you plan to do with it. Happy blogging!

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