Mozambique Mining Logistics: Nacala Corridor transaction reaffirms ‘Africa open for business

Mozambique Mining Logistics: Nacala Corridor transaction reaffirms ‘Africa open for business

Owing to a consortium of three export credit agencies (ECAs), the African Development Bank (AfDB) and a lending consortium of six international and four South African banks, a collaboration on funding for the revamp and extension of the Nacala Logistics Corridor has successfully raised $2.73-billion of the $5.15-billion needed for the project.

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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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