ICVL

Mozambique Mining: Afetrr 2 years stoppage, operations resume at ICVL coal mine, Tete province

Posted on March 22, 2018 by Mozambique Resources Post

After the 2-year hiatus, the Indian consortium International Coal Ventures Limited (ICVL) is resuming coal mining and processing operations in Tete province. Activities at the company’s plant there had been at a standstill for two years. Now, production of five million tons of coal by December of this year is planned.source: TVM

Mozambique Mining: India explores coal gasification plant at ICVL’s coal mine

Posted on October 31, 2017 by Mozambique Resources Post

India’s Steel Ministry is exploring the feasibility of constructing a coal gasification plant at Indian Coal Ventures Limited’s (ICVL’s) coal mine.

Mozambique Mining: Indian consortium considers producing gas from coal

Posted on August 4, 2017 by Mozambique Resources Post

Indian consortium International Coal Ventures Ltd (ICVL) is considering the possibility of transforming coal mined in Benga, in the central Mozambican province of Tete, into methanol to feed gas-fired power plants in India, said the Indian Minister for Steel.

Mozambique Mining: “Brighter future for coal industry ahead” – EIU report

Posted on April 13, 2017 by Mozambique Resources Post

Coal will be Mozambique’s top exportrevenue earner over the medium term, according to the Economist Intelligence Unit (EIU). This will be the result of improving security in the central region of the country and rising global coal prices. Details of the EIU report were released by Portuguese news agency Lusa.

The Economist: “Overblown expectations of the mining sector”

Posted on February 11, 2016 by Mozambique Resources Post

The government of Mozambique remains confident that its mining boom is set to accelerate in the coming years, despite weak sentiment in the global mining industry. Rising coal production and an eventual rebound in global prices will spur some growth in Mozambique’s mining sector in 2016‑20 but we expect that, weighed down by infrastructure deficits and non-competitive policies, it will remain a relatively small contributor to GDP growth.

zambique Mining: Indian coal miners tender 200 MW pit-head power project

Posted on February 10, 2016 by Mozambique Resources Post

Indian coal mining consortium ICVL has relaunched a tender for expressions of interest (EoIs) for a company to build, own and operate a 200 MW coal-fired power plant at its Benga mine in the Mozambique province of Tete.

Mozambique Mining: ICVL with plans to expand coal operations

Posted on July 29, 2015 by Mozambique Resources Post

India’s International Coal Venture Private Ltd (ICVL), which acquired Rio Tinto’s (LON, ASX:RIO) coal assets in Mozambique a year ago, is planning to boost annual production at its Benga mine from 5.3 million tonnes to 13 million tonnes in the next five years.

Mozambique Mining Industry: Coal India quits State consortium exploring coal in the country

Posted on February 26, 2015 by Mozambique Resources Post

The Coal India Ltd group (CIL) has decided to leave the International Coal Ventures Ltd consortium (ICVL), founded by Indian state companies to acquire and explore coal assets abroad, according to a statement filed with the Mumbai Stock Exchange. In a statement, the group said only that the board of directors had decided to leave the consortium, after previously noting that remaining in that group of companies led only to an increase in cost without…

Mozambique Coal: ICVL receives first shipment of Benga coal

Posted on November 20, 2014 by Mozambique Resources Post

The first shipment of coal mined in Mozambique by the International Coal Ventures Ltd consortium is due arrive to India on 24 November, said CS Verma, chairman of the consortium of Indian state-owned enterprises.

Mozambique Mining Logistics: India’s ICVL to invest $500m in local infrastructure

Posted on October 31, 2014 by Mozambique Resources Post

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.

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