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

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

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 keeps Moatize coal output up

Brazilian mining major Vale has reported significantly higher production at its Moatize coal operation during the second quarter of this year (2Q18), compared with the first quarter (1Q18). However, 2Q18 production was still lower than production for the same quarter last year (2Q17). The figures were published in the group’s report, ‘Vale’s Production and Sales in 2Q18’.

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

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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Mozambique Mining: Vale purchases in Mozambique approaching $1-billion

Brazilian mining group Vale has created a significant local supply chain in Mozambique to support its Moatize coal operation in Tete province. This was highlighted recently by the president of Mozambique’s Confederation of Economic Associations (Confederação das Associações Económicos – CTA), Agostinho Vuma, in an interview with local journal O País Económico.

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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 Coal Logistics: As expected, Vale abandons the Sena line, focus on coal export via Nacala Corridor

  Vale Moçambique, a subsidiary of Brazilian mining group Vale, will stop using the Sena Railroad and the port of Beira for its coal exports, which will be focused on the Nacala Logistics Corridor (CLN) and its deep-water port, said the chairman of the company.

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Mozambique Mining: Vale Moatize coal mine produces 10M/t of coal between January-October

Vale Moçambique from January to October of this year has extracted about 10 million tonnes of coal from its mine in Moatize, in Mozambique’s Tete province, almost doubling the amount of 5.9 million tonnes extracted in the same period of 2016, said the subsidiary of Brazilian group Vale.

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