VALE SA

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 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 keeps Moatize coal output up

Posted on by Mozambique Resources Post

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

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

Posted on by Mozambique Resources Post

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

Posted on by Mozambique Resources Post

  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

Posted on by Mozambique Resources Post

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

Posted on by Mozambique Resources Post

  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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