Moatize

Global Mining: Board of Vale gives CEO Schvartsman another term

Posted on December 31, 2018December 31, 2018 by Mozambique Resources Post

RIO DE JANEIRO/SAO PAULO – The board of Brazilian mining company Vale SA has approved an additional two-year term for Chief Executive Fabio Schvartsman, the company said on Friday, as it seeks to extend his successful tenure as head of the world’s largest iron ore exporter.

Mozambique Mining: After after talks with residents, Vale resumes Moatize coal mine operations

Posted on November 12, 2018 by Mozambique Resources Post

Mining company Vale-Mozambique announced on Thursday that it had resumed operations in a section of the company’s facility following a nearly two-week standstill demanded by residents complaining of pollution there, Noticias reports.

Mozambique Mining: Vale plans to 20Mi tons of coal out per year by 2021

Posted on November 9, 2018 by Mozambique Resources Post

Vale Moçambique intends to achieve production of 20 million tons of coal annually by 2021, the financial director of Brazilian group Vale said on Thursday in Maputo.

Mozambique Mining: Vale announces further output cuts for Moatize coal mine

Posted on November 2, 2018 by Mozambique Resources Post

Vale, the Brazil-based mining multinational, has once more cut its forecast for coal output from its Moatize mine in the interior of Mozambique, to 12 million tons from the previous 15 million.

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

Posted on September 5, 2018 by Mozambique Resources Post

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.

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

Posted on August 24, 2018 by Mozambique Resources Post

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.

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

Posted on August 14, 2018August 14, 2018 by Mozambique Resources Post

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.

Mozambique Mining: Vale reports another record coal production in Moatize mine

Posted on July 17, 2018 by Mozambique Resources Post

Vale Mocambique coal production totaled 2.9Mt in 2Q18, 18.1% higher than 1Q18 and 5.5% lower than 2Q17, as the adverse conditions in Tete, Moatize mine site in 1Q18 were only overcome during the first part of 2Q18, preventing a faster recovery in the quarter.

Mozambique Mining: Vale 2017 coal output more than double

Posted on February 19, 2018 by Mozambique Resources Post

The amount of coal extracted by Vale from the mine it owns in Mozambique more than doubled in 2017 compared to the previous year, the Brazilian company announced on Friday.

Mozambique Mining: Vale Coal’s earnings keep improving

Posted on December 12, 2017 by Mozambique Resources Post

Vale’s (VALE) coal EBITDA (earnings before interest, tax, depreciation, and amortization) has been declining due to lower realized prices and higher tariff costs in the NLC (Nacala Logistics Corridor). Most coal stocks have fallen year-to-date.

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