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Mozambique’s new coal export route will start operations soon

By: Keith Campbell The new coal export terminal at the port of Nacala-a-Velha in Mozambique’s Nampula province should load its first ship in August. That was reported last week by Corredor Logístico de Nacala (CLN – Nacala Logistics Corridor) director José Otoni. This represents a delay of eight months in... 

CIL shifts overseas funding to domestic markets

By: Ajoy K Das Following its withdrawal from Mozambique, Coal India Limited (CIL), with a reduced appetite for overseas acquisitions, was planning to redeploy its funding towards domestic capacity. According to a senior CIL official, the experience in Mozambique had revealed the high risks involved in... 

Moz coal and agriculture offer significant opportunity for local companies

The discovery of an estimated 23-billions tons of coal in Mozambique has attracted a lot of foreign investors and presents a great opportunity for South African firms, said Tete province First Secretary Lina Portugal at a trade and investment seminar held as part of the Department of Trade and... 

Mozambique seeks to facilitate miners great and small

By: Keith Campbell Mozambican President Filipe Nyusi has urged the country’s informal miners to organise themselves into associations, to help them overcome the difficulties they face. He was addressing informal miners at Montepuez in Cabo Delgado province in the north of the country. Associations would also reduce... 

Project work worth $200bn to be available in Moz coal sector in next 20 years

By: Ilan Solomons Engineering design and project management consultancy company RSV ENCO Consulting strategic development executive Rowan Karstel says significant opportunities exist for companies to profit from Mozambique’s resource sector. “The province of Tete alone has inferred total coal reserves of about... 

Coupling specialist awarded spares contract

By: Pimani Baloyi The South African wing of Germany-headquartered couplings manufacturer Voith has been awarded a contract to provide repair work and spares for a major coal operation in Tete, Mozambique. Voith regional sales manager for Africa Hans Voshol explains that the contract follows the company’s supply... 

CIL to dump Mozambique investment only after government nod

By: Ajoy K Das A final decision on producer Coal India Limited (CIL) aborting its Mozambique investments will only be taken in September or October, after the impact on diplomatic and economic bilateral relations between the two countries has been assessed. According to government officials, CIL’s "unofficial"... 

Mozambique plans more infrastructure to benefit coal miners and others

By: Keith Campbell The Mozambican government has confirmed its plan to construct a new port and railway for the export of coal from the Moatize coal basin in the inland Tete province. This was done by Prime Minister Carlos Agostinho do Rosario when he presented the government’s programme for the five years... 

Difficult-to-understand Moz coal geology resulting in lost opportunities

By: Anine Vermeulen The coal geology of deposits in Mozambique were more difficult to understand than those of the Waterberg Coalfield in South Africa, independent consulting geologist Gerhard Esterhuizen said at a Fossil Fuel Foundation conference earlier this month, which focussed on solid fossil fuels in Southern... 

Indian group recommits to Mozambique as Irish miner restructures

By: Keith Campbell Private-sector Indian group Jindal will remain in Mozambique, even though the international price of coal has fallen significantly. This assurance has been given by Jindal Africa Director General Chandra Singh. “It is good that there is an awareness of the difficulties through which the... 

Vale reports increased production in Mozambique while Tata Steel decides to leave

By: Keith Campbell Brazilian mining major Vale has reported its Moatize coal mine in Mozambique set a new production record last year. This was revealed in the group’s recently published 2014 and 4Q14 Production Report. It also set a new record for quarterly production during the fourth quarter (4Q). It further... 

Mozambique assures miners about transport, while Indian company posts poor results

By: Keith Campbell The Mozambican government is creating the framework which will allow mining companies to transport their coal from the Moatize basin in the province of Tete to the coast. This assurance was given last week by Transport and Communications Minister Carlos Mesquita. He was responding to complaints... 

Indian company mulls major developments at its Mozambique mine 

By: Keith Campbell Indian State-owned company International Coal Ventures Limited (ICVL) is to invest some $1.9-billion in Mozambique. This has been revealed by ICVL Mozambique Director General Nirmal Chandra Jha to The Indian Express newspaper. The company now owns 65% of the Benga coal operation, and 100% of the... 

Mozambique coal sector sees disruptions, deals and bankruptcy

By: Keith Campbell Railway traffic on Mozambique’s Sena line, used to convey coal (along with other cargo and passengers) mined in the Moatize basin in Tete province to the port city of Beira for export, was disrupted from the morning of January 7 to January 11, as a result of torrential rains. This was reported by... 

Beacon Hill offer aimed at rapid development of Moz mine, reducing shareholder dilution

By: Chantelle Kotze Aim-listed Beacon Hill Resources is proposing an up to €5-million open offer focused on reducing the dilutive impact of its restructuring on existing shareholders and to rapidly develop its flagship Minas Moatize coking coal mine, in Tete province, Mozambique, into a profitable Tier 1 cash cost... 

Insolvent coal junior Beacon Hill goes into administration

By: Martin Creamer London Aim-listed coal-mine developer Beacon Hill Resources, which is in default on interest payments, was placed into administration on Tuesday. Owing to its “significant liabilities”, shareholders of the company are not expected to receive any proceeds from the administration process, which... 

Financially stricken Beacon Hill top-brass out of reach

By: Martin Creamer The top-brass of the financially stricken coal-mining company Beacon Hill, which has told the London Stock Exchange its working capital will run out by the middle of this month, are proving inaccessible. The Aim-listed company, which operates the opencast Minas Moatize coking coal operation in... 

Another Indian miner set to start coal production in Mozambique

By: Keith Campbell Indian State-owned miner Coal India is to soon start mining in Mozambique, The Economic Times newspaper has reported from Kolkata (Calcutta). Although the company is a partner in another Indian miner, International Coal Ventures Limited (ICVL), which now owns and operates the Benga mine in... 

Cashing in on Africa’s infrastructure gap

By: Mariaan Webb With billions set to be spent on infrastructure in Africa over the next several decades, a new opportunity to support mining operations and concentrator plants, which is outside its traditional focus area, is emerging for DRA Infrastructure. 

Beacon Hill aims to reduce restructuring impact on shareholders, speed up Minas Moatize development

By: Chantelle Kotze Aim-listed Beacon Hill Resources is proposing an up to €5-million open offer focused on reducing the dilutive impact of its restructuring on existing shareholders and to rapidly develop its Minas Moatize coking coal mine, in Tete province, Mozambique, into a profitable Tier 1 cash cost producer. 

Indian miner plans Mozambique power station as study into network is almost complete

By: Keith Campbell Indian company International Coal Ventures Limited (ICVL) has despatched its first shipment of coal from its recently acquired Benga mine in Mozambique to India. This shipment was composed of metallurgical or coking coal and was sent to the Steel Authority of India (SAIL). This was revealed to... 

Vale to dispose of parts of its Mozambique coal and infrastructure projects

By: Keith Campbell Brazilian major mining group Vale has revealed that it will, in the near future, announce the sale of a share in its Moatize coal operation in Mozambique. This was stated by group CEO Murilo Ferreira in a recent teleconference about Vale’s financial performance during the third quarter (3Q14).... 

More coal investments planned for Mozambique as Maputo seeks to promote local use

By: Keith Campbell Indian State-owned company International Coal Ventures Limited (ICVL), which recently acquired the assets of Rio Tinto Coal Mozambique (RTCM), reportedly for $50-million, has announced that it intends to invest $500-million over the next three years in logistical infrastructure in Mozambique. So... 

Mozambique eyes coal deal for tax consequences, approves power venture

By: Keith Campbell The Mozambique Tax Authority has been watching the recently concluded deal between Anglo-Australian miner Rio Tinto and Indian company International Coal Ventures Limited (ICVL), in which the former sold its subsidiary Rio Tinto Coal Mozambique (RTCM) to the latter for a reported $50-million.... 

India concerned over Mozambique uncertainties, but readying for talks with new govt

By: Ajoy K Das India is keeping close tabs on the elections in Mozambique and is ready to initiate fresh talks with the new government to further already-committed investments by Coal India Limited (CIL) and ONGC Limited in the African nation. Irrespective of the outcome of Mozambique’s fiercely contested... 

As one miner leaves Mozambique, others plan to further develop their projects

By: Keith Campbell Mining major Rio Tinto announced on October 8 that it had concluded the sale of Rio Tinto Coal Mozambique (RTCM) to India’s State-owned Indian Coal Ventures Private Limited (ICVL), “following the fulfilment of all conditions precedent and receipt of the necessary regulatory approvals,” as the... 

Rio Tinto completes sale of Mozambique coal assets

By: Natasha Odendaal The sale of mining giant Rio Tinto’s Mozambique coal assets to India-based International Coal Ventures Private Limited has been finalised. This followed the fulfilment of all conditions precedent and receipt of the necessary regulatory approvals for the $50-million sale of Rio Tinto Coal... 

Coal rail car topping system commissioned in Moz

By: Mia Breytenbach Water treatment and process services company Nalco Africa, an Ecolab company, has completed the first installation of its rail car topping system at a coal mine in Mozambique’s Tete province. “The rail car topping system, which was completed and commissioned in August, comprises a spraying system... 

CIL completes technical review of Indonesian coal blocks

By: Ajoy K Das Indian major Coal India Limited (CIL) completed a technical review of potential coal asset acquisitions in Indonesia, setting aside $740-million during 2014/15 for follow-up action, which includes an investment in its existing mine in Mozambique. Though a company official declined to identify... 

Moz coal industry ‘reeling’ from price decrease

By: Mia Breytenbach While the South African coal mining industry remains steady, primarily owing to strong domestic demand from State-owned power utility Eskom, the Mozambique coal industry is “reeling” from decreased global coal prices, says multinational Indian mining, steel and power conglomerate Jindal Steel &... 

Supplier homes in on coal processing equipment

By: Mia Breytenbach Having proven the efficiency of its consumable products in the local coal mining industry through several successful contracts, screening and vibrating equipment supplier Aury Africa will focus on supplying and proving the efficiency of its coarse- and fine-coal centrifuges to the South African... 

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