Mozambique Mining: Vale Moçambique sells 600 coal tons per year to Cimentos de Maiaia

Mozambique Mining: Vale Moçambique sells 600 coal tons per year to Cimentos de Maiaia

Mozambican company Cimentos de Maiaia will buy 600 tons of thermal coal per year from Vale Moçambique, a subsidiary of Brazilian group Vale that mines coal deposits in Moatize, Tete province, the company’s chief executive said.

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Mozambique Mining: “Coal miners to see improved finances” – Fitch

Mozambique Mining: “Coal miners to see improved finances” – Fitch

A new report by Fitch Solutions Macro Research states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong due to the economic aspect of the fossil fuel and therefore producers will see improving financials over the coming years. According to Fitch, major coal miners have already displayed positive financial performance in FY2017 and H118, aided by the significant rally in coal prices and better management strategies. In the…

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Mining & Energy: Ncondezi receives in principle support for loan restructuring

Mining & Energy: Ncondezi receives in principle support for loan restructuring

Ncondezi Energy has received “in principle” support from all loan holders to enter into a loan restructuring for its existing $5.1-million loan and on the process to conclude a binding joint development agreement (JDA) for the company’s integrated 300 MW power and coal mine project in Tete, Mozambique.

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Africa Mining: Coal suppliers urged to put South Africa first as resource shortage fears grow

Africa Mining: Coal suppliers urged to put South Africa first as resource shortage fears grow

Public Enterprises Minister Pravin Gordhan has suggested that Parliament call in some of the big and small coal suppliers to account for their export of coal, amid increasing concerns about the shortage of coal in the country.

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Mozambique Mining: Vale remains committed to country, despite Moatize losses

Mozambique Mining: Vale remains committed to country, despite Moatize losses

Despite continuing to make a loss, coal miner Vale Moçambique will continue to make major investments in its assets in Mozambique. This assurance was given at a midmonth press conference in Maputo by the company’s board chairperson, Márcio Godoy.

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Africa Mining: South Africa’s new coal-fired plants must have emissions technology

Africa Mining: South Africa’s new coal-fired plants must have emissions technology

South Africa’s first privately built coal-fired power plants must have the latest technology to reduce harmful emissions, the energy minister said on Tuesday, as a wave of court challenges threaten to derail the projects.

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Global Industry: The future of coal

Global Industry: The future of coal

It fired up the industrial age but is now condemned as a toxic pollutant. Most countries are cutting back on coal usage, but not all. Donald Trump wants to buck the trend and create jobs for miners, and Asia’s appetite for the black stuff continues to grow. Siân Bradley asks if there is a future for old King Coal.

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Mozambique Mining: Vale Moatize thermal coal sales suprise, coking disapoints

Mozambique Mining: Vale Moatize thermal coal sales suprise, coking disapoints

During the second quarter of this year (2Q18), Brazilian mining major Vale’s coal business achieved earnings before interest, taxes, depreciation and amortization (Ebitda) of $45-million. 

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