Tete

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

Posted on by Mozambique Resources Post
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. Advertisements

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

Posted on by Mozambique Resources Post
Mozambique Mining: After after talks with residents, Vale resumes Moatize coal mine operations

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.

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Mozambique Energy: Cahora Bassa hydroelectric plant to invest €500 million in 10 years

Posted on by Mozambique Resources Post
Mozambique Energy: Cahora Bassa hydroelectric plant to invest €500 million in 10 years

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.

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

Posted on by Mozambique Resources Post
Mozambique Mining: Vale Moçambique sells 600 coal tons per year to Cimentos de Maiaia

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.

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Mozambique Energy: Delayed entry of Cahora Bassa hydroelectric in local Stock Exchange

Posted on by Mozambique Resources Post
Mozambique Energy: Delayed entry of Cahora Bassa hydroelectric in local Stock Exchange

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.

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

Posted on by Mozambique Resources Post
Mozambique Mining: Vale remains committed to country, despite Moatize losses

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.

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

Posted on by Mozambique Resources Post
Mozambique Mining: Vale Moatize thermal coal sales suprise, coking disapoints

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. 

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

Posted on 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.

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