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.
Read More
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.
Read More
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.
Read More
Sol Mineração Moçambique, a subsidiary of India’s Sunflag group, plans to start coal mining in the central Tete province in 2019, according to Radio Moçambique.
Read More
The Cahora Bassa Hydroelectric Plant (HCB) has a 10-year investment plan in the amount of 500 million euros, Vital Capex, to recover and modernise the company’s electricity production system, said the company’s chairman.
Read More
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.
Read More
The Public Offering (IPO) of shares corresponding to 7.5 percent of the share capital of the Cahora Bassa Hydroelectric Dam (HCB) in Mozambique Stock Exchange (BVM) is delayed. “We must avoid giving information that eventually will give advantage to certain people” tried to clarify clarified the HCB CEO, Pedro Couto.
Read More
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.
Read More
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.
Read MoreVale 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.
Read More
You must be logged in to post a comment.