Mozambique Mining: Vale plans to 20Mi tons of coal out per year by 2021

Mozambique Mining: Vale plans to 20Mi tons of coal out per year by 2021

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. Advertisements

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Mozambique Mining: Vale net Moatize coal revenues up by $69M

Mozambique Mining: Vale net Moatize coal revenues up by $69M

Brazilian mining major Vale has reported that its coal business, which is composed almost entirely of its Moatize coal operation, in the north-eastern Mozambique province of Tete, increased its net operating revenues during the third quarter of this year (3Q18) by $69-million, compared with the second quarter (2Q18).

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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 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 Logistics: Vale’s exit from Sena line contributes to CFM US$45M annual loss

The removal of Vale company freight from the Sena rail line will result in the loss of half of the cargo currently carried on the route, with an economic impact of US$45 million on the annual revenue of Ports and Railways of Mozambique ( CFM), AIM writes.

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Mozambique Coal Logistics: AfDB to reinforce funding to Nacala Corridor with $300M

The African Development Bank (AfDB) is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructure project− the $5-billion Nacala corridor rail and port project, supporting the project with $300-million from its private sector window.

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Mozambique Mining: Vale Coal’s earnings keep improving

  Vale’s (VALE) coal EBITDA (earnings before interest, tax, depreciation, and amortization) has been declining due to lower realized prices and higher tariff costs in the NLC (Nacala Logistics Corridor). Most coal stocks have fallen year-to-date. 

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