Mozambique Mining: Vale intends to significantly increase its Moatize mine coal production

Mozambique Mining: Vale intends to significantly increase its Moatize mine coal production

Vale Mozambique, the Vale group of Brazil’s subsidiary in the African country, has told the Mozambique media that it plans to produce 20-million tons a year (Mt/y) of coal by 2021. The information was released in Maputo by Vale Mozambique financial director Marcelo Tertuliano.

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Mozambique Mining: Vale Coal production hit by bad weather

  Brazilian mining major Vale is maintaining its guidance that its Moatize operation, in the Tete province of Mozambique, will reach a production rate of 18-million tons (Mt) next year. It gave this assurance in its recently published report ‘Vale’s production and sales in 1Q18’. (1Q18 refers to the first quarter of 2018.)

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Mozambique Mining: Vale Moatize coal operations records positive results for the first time in years

The Tete Province in Mozambique hosts major coal resources   Last year, for the first time since 2010, Brazilian mining group Vale’s Moatize coal operation, in Mozambique, recorded positive earnings before interest, taxes, depreciation and amortization (Ebitda). Moatize is now the group’s only coal operation, following the sale of its last Australian coal operation, Carborough Downs, in late 2016. Moatize is run by a Vale subsidiary, Vale Moçambique, which is majority-owned by the Brazilian parent, with Japanese and Mozambican minority shareholders.

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Mozambique Mining: Vale coal operations with positive results in the fourth consecutive quarter

Vale Adjusted EBITDA of coal was US$46 million in 3Q17, reaching a positive result for the fourth consecutive quarter, US$ 111 million lower than 2Q17 as a result of lower prices (US$ 97 million) and net impact of higher tariff Nacala corridor (US$ 13 million), which were partially offset by lower mine costs (US $ 16 million).

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Mozambique Mining: Vale orders bullet proofing for coal trains

  Vale Moçambique, a subsidiary of Brazilian group Vale, has hired South African company SVI Engineering to build and bullet proof 110 locomotives in operation in the country following some armed attacks, according to the defenseWEB website.

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Mozambique Mining: Production records at Vale’s Moatize coal mine in Tete province

The Moatize coal mine, in the Tete province of Mozambique, set a new quarterly production record during the first quarter of this year (1Q17), pushed by two monthly production records, set in January and March. Moatize is owned and operated by Vale Mozambique, the local owned subsidiary of Brazilian major mining group Vale SA. (Vale Mozambique is 80%-owned by Vale, 15% by Japanese group Mitsui and 5% by the Mozambique government.).

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Mozambique Coal Mining: Vale Board agrees to new terms for sale of Moatize Mine and Nacala Logistics assets to Mitsui

Vale (NYSE:VALE) says it reached agreement on new terms with Mitsui (OTCPK:MITSY) for the sale of a stake in its Moatize coal mine and connected railway in Mozambique.C

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