$500 Mi

India’s International Coal Ventures Limited (ICVL) will invest $500-million to build infrastructure and logistics to support mining at its newly acquired coal blocks in Mozambique. The investments would be made over the next two to three years, as ICVL’s coal blocks would need supporting infrastructure for optimal mining production, including a 500 km railway network connecting pitheads to ports and roads for evacuation of production from the mines, a senior company official said.