Vale

Mozambique Coal Logistics: Nacala coal terminal to operate in full speed yet this month

Posted on by Mozambique Resources Post

The coal terminal at the port of Nacala-a-Velha, in Mozambique’s Nampula province, will officially start operating on Friday, marking a new phase in the process of transportation and export of coal mined in Moatize, Tete province, the northern logistics corridor company CLN.

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Mozambique Mining: “Brighter future for coal industry ahead” – EIU report

Posted on by Mozambique Resources Post

Coal will be Mozambique’s top exportrevenue earner over the medium term, according to the Economist Intelligence Unit (EIU). This will be the result of improving security in the central region of the country and rising global coal prices. Details of the EIU report were released by Portuguese news agency Lusa.

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Mozambique Mining: “No Capital Gains in Vale-Mitsui deal” – @Verdade reports

Posted on by Mozambique Resources Post

The Mitsui group, Japanese conglomerate, concluded last week the purchase of assets in Mozambique Vale, a Brazilian multinational, for 770 million US dollars. “In this operation, we were not cleared gains” explained the @Verdade the Mozambique Tax Authority (ATM). It is recalled that the private business that happened in the last two decades in the concessions the Port, the railway and the Nacala Development Corridor never generated significant taxes to the Mozambican state.

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The Post Tips: How to Get a Job in the Mining Industry

Posted on by Mozambique Resources Post

The mining industry is surprisingly difficult to break into. A lot of the work is very complicated – and a lot of mining industry jobs require a surplus of education and qualifications before a potential applicant will even be considered for a position. It’s serious work, and you may have a hard time determining where you should start. If you’re devoted to the idea of a career in the mining industry, you have your work…

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Mozambique Coal Mining: Vale patience rewarded by Moatize and Nacala Logistics positive results, more to come ahead

Posted on by Mozambique Resources Post

The Brazilian major mining group Vale reported on progress at its Mozambique operations during its latest  presentation to the NYSE. These comprise the Moatize coal mine and the Nacala Logistics Corridor. Moatize is primarily a metallurgical, or coking, coal mine, while the Nacala Logistics Corridor is composed of new and refurbished railway lines linking Moatize (and the city of Tete) to the port of Nacala, via Malawi, as well as a coal terminal in that…

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Mozambique Coal Logistics: IFC close to US$2.7 bln debt refinancing for Nacala Corridor

Posted on by Mozambique Resources Post

The International Finance Corporation, part of the World Bank, expects to close a $2.7 billion debt refinancing for the Nacala Corridor railway project in Mozambique early next year, a senior IFC official said on Friday.

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