Jindal

Mozambique Mining: Jindal Africa disobeys court order on coal terminal closure

Posted on June 15, 2017June 15, 2017 by Mozambique Resources Post

Radio Mozambique has reported that Indian company Jindal Africa has failed to comply with a court order ordering it to stop coal stockpiling activities at its Chirodzi mine, in the Moatize district of Mozambique’s Tete province. The order was issued by the Tete provincial court.

Mozambique Mining: Court orders closure of JSPL coal terminal

Posted on June 7, 2017June 7, 2017 by Mozambique Resources Post

JSPL Mozambique Minerais company has kept the Moatize coal terminal in operation despite a decision by the Tete Judicial Court for it to be closed, Radio Moçambique reported.

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.

Mozambique Coal Mining: Indian group JSPL resumes operations in Tete coal hub

Posted on October 13, 2016 by Mozambique Resources Post

Indian group Jindal Steel and Power Ltd (JSPL) on 1 October resumed coal mining in Mozambique in view of the increase in ore prices on international markets, particularly coking coal, said the group’s chief executive.

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.