Vale

Mozambique Coal Logistics: Vale Nacala Corridor Project Finance signed, US$ 2,730 billion granted

Posted on by Mozambique Resources Post

The Giant Brazilian Mining exploring coal at the Moatize Mine in the central province, of Tete, Vale S.A., announced that all partners in its Mozambique coal logistic joint-venture – the Nacala Logistic Corridor (NLC) – had yesterday signed the binding financing contracts in the form of a project finance, through which NLC will raise US$ 2.730 billion, broken down as follows:

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

Posted on by Mozambique Resources Post

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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Mozambique Mining: Vale Nacala Project Finance to be signed on November 22

Posted on by Mozambique Resources Post

The Nacala Project Finance proceeds as planned, with the approval of the NEXI and JBIC Councils taking place during 3Q17, Vale says in its latest 3Q17 Performance Report. Now with all creditors (including AFDB, ECIC and commercial banks) completing their approvals, the next step is the signing of Project Finance, which will take place on November 22, 2017.

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Mozambique Mining: Vale produces record 3.2Mt of coal in 3Q17

Posted on by Mozambique Resources Post

Coal production in Mozambique reached a quarterly record of 3.2 Mt in 3Q17, 5.8% and 38.3% higher than in 2Q17 and 3Q16, respectively, as a result of the better performance of the two Coal Handling and Preparation Plants (CHPP1 and CHPP2), according to the 3Q17 production report.

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Africa Coal Logistics: Vale Logistics is set to launch US$1B trans-Malawi railway

Posted on by Mozambique Resources Post

Vale Logistics is set to launch its US$1billion trans-Malawi project to move over 18 million tons of coal from its sister Moatize Coal Mines in Mozambique and pass through Mwanza, Chikhwawa, Neno, Balaka and Machinga districts in Malawi on the way to the Indian Ocean Port of Nacala on the Mozambican Eastern side.

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Mozambique Mining: Vale Moatize coal’s production 24.8% higher than 1Q17

Posted on by Mozambique Resources Post

Coal production reached 3.0 Mt in 2Q17, a record production for a quarter, with production coming exclusively from the Moatize mine in Mozambique. Total coal production was 24.8% and 101.8% higher than in 1Q17 and 2Q16, respectively, with two-thirds of total production being of metallurgical coal.

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Mozambique Coal Logistics: Exports from to increase with inauguration of the Nacala coal terminal

Posted on by Mozambique Resources Post

The inauguration on Friday of the coal terminal at the port of Nacala-a-Velha and the railway line to transport ore mined at Moatize is expected to increase exports and even make coal the main product exported by Mozambique, the Economist Intelligence Unit (EIU) reported recently.

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