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

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   Advertisements

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Mozambique Mining: Indian consortium considers producing gas from coal

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.

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

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.

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The Economist: “Overblown expectations of the mining sector”

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.   

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Mozambique Mining: ICVL with plans to expand coal operations

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.

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

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…

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

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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