Mozambique

India to buy more Mozambique coal

In future Indian industrial giant Tata Steel will derive 10% of its coking coal requirements from Australian-based Rio Tinto's Benga coal mine in Mozambique.

Vale to begin building coal terminal in Mozambique

Mozambique's Prime Minister Aires Aly said in Tokyo on Thursday his nation plans to start construction of a coal terminal at the northern port of Nacala in the next few months, aiming for it to be operational in two to three years.

General's complaint against Pathfinder Minerals just got serious

Pathfinder Minerals, an Aim-listed natural resources company, mines heavy mineral sands on the coast of Mozambique.

NMDC may pay $300 million for Mozambique, Russian coal mines

NMDC Ltd., India’s largest iron ore producer, plans to acquire two coking coal mines in Mozambique and Russia for about $300 million to feed its planned steel plants in India.

Beacon starts coal exports from Mozambique

British company Beacon Hill Resources has announced that it has begun exporting coal from the central Mozambican port of Beira.

Mozambique ports grow with Rio Tinto appetite for coal

Roads were little more than rubble and there was barely enough working equipment to load cargo at Maputo port in 2003. Then Mozambique brought in Grindrod Ltd. (GND) and DP World Ltd. (DPW)to operate the harbor.

Rumour mill churning on Anglo bid for Mozambique coal mine

Just one week following Anglo American's approval of a $1.7 billion met-coal project in Queensland, the London-listed diversified miner may be shopping for more coal assets.

Vale readies first Moatize coking coal shipment

Brazil's Vale is set to move its first coking coal shipment next week from its Moatize mine in Mozambique, sources told Reuters on Tuesday. This will be the first coking coal shipment, after 3 thermal coal shipments, and is destined for steelmaker ArcelorMittal's South African unit. Vale last month approved a $6 billion expansion of Moatize to double output to 22 million tonnes per year.

Coal and ports investments set to transform Mozambique

Reuters reports the board of Brazil's Vale has approved a $6 billion expansion of its Moatize coal project in Mozambique to lift output to 22 million tonnes per year from the 11 million tonnes it expects to mine initially with first production forecast for the second half of 2014.

The country's Tete province is believed to hold one of the world's largest untapped coal reserves that has been compared with Australia's coal-rich Bowen Basin. Mozambique suffered a 15-year long civil war that ended in 1992 and remains one of the poorest countries in the world, but the ex-Portuguese colony 7% economic growth this year is forecast to accelerate thanks to billions in mining and infrastructure spending. The Mozambique metical is also the world's best-performing currency.

Southern Cross Resources make Mozambique rare earth discovery

Macauhub reports Australian company Southern Cross Resources said Wednesday that its concession in Xiluvo, Mozambique, some 110 kilometres from the port of Beira, had reserves of rare earth elements of 1.1 million tons.

Concordia Resource to buy Swala Resources in 12,400 square kilometre Africa land grab

Concordia Resource Corp. (TSX VENTURE:CCN) ("Concordia") is pleased to announce that, further to its news release dated September 6, 2011, it has signed an arrangement agreement (the "Agreement") with Swala Resources Inc. ("Swala"), dated October 20, 2011. Under the Agreement Concordia has agreed to acquire all of the issued and outstanding Swala securities pursuant to a plan of arrangement. Swala brings to Concordia an extensive exploration portfolio in the resource endowed regions of Burkina Faso, Gabon, the Democratic Republic of Congo (the "DRC"), Zimbabwe and Mozambique with a land package totaling over 12,400 km2, as well as an experienced management team and board of directors with extensive expertise in Africa. Completion of the plan of arrangement transaction is expected by December 2011.

NTPC plans to acquire coal mines in Mozambique, Indonesia

NTPC Ltd, India’s biggest power producer, has appointed a consultant to evaluate two medium-sized coal mine acquisitions in Mozambique and Indonesia even as it plans to exit International Coal Ventures Pvt. Ltd (ICVL), a consortium of state-run firms formed to buy overseas coal mines.

Mozambican government suspends granting of coal mining licenses in Tete province

The Mozambican government has decided to suspending the issue of new licenses for coal mining in Tete province, the inspector of the Mining Resources Ministry, Afonso Abica said Tuesday in Maputo.

Mozambique: the birth of a new coal exporter

The African continent has historically meant just one thing to the global coal mining industry: South Africa. However, a new coal power is emerging in the form of Mozambique.

Tantalum miner Noventa places $30 million, asks investors for $7 million more

London and Toronto-listed Noventa announced Friday that it placed 73,600,000 new ordinary shares at a price of 25 pence each with institutions and other investors to raise roughly $30.3 million.

The specialty metal miner with operations in Mozambique is also extending an offer to shareholders to subscribe for a total of 17,500,000 new ordinary shares to raise up to a further US$7.2 million. In London stock in Noventa duly plunged 24% to 27.75 pence in line with the placing price of 25 pence.

Mozambique: Govt Demands Shares in Mining Concessions

Maputo Mozambique is to review its current mining legislation to enable the state to hold a share in the companies with mineral concessions. Speaking at the opening of an International Coal Conference, under way in Maputo since Tuesday, the Minister of

Improvements on the Sena railroad in Mozambique to cost US$200 million [NEW]

The introduction of improvement to the Sena railroad would cost over US$200 million and take at least 18 months, the chairman of Mozambican port and rail company, Portos e Caminhos de Ferro de Moçambique, said Tuesday in Maputo.

Brazilian mining group Vale and Australia’s Riversdale Mining have invested hundreds of millions of dollars in coal mining projects in Tete province and plan to use the Sena railroad to transport the coal to the port of Beira.

Vale increases coal production at Mozambique mine

Vale has increased its initial coal production target at the Moatize mine in Mozambique by 76% and is planning to quadruple that result in 2012. Vale sales manager Marcelo Matos said Moatize mine is expected to produce 1.5Mt of coal in 2011.

Coal India braces for fresh bids in Mozambique

MAPUTO: Coal India, one of the world's largest coal miner, has plans to call for fresh bids for exploratory drilling at two coal blocks in Mozambique's Tet province, local media reports said here on Saturday. The Indian state-run company secured

Ncondezi Coal Company Audited Final Results

Ncondezi Coal Company Limited (AIM: NCCL), a coal exploration and development company with coal assets in the Tete Province in Mozambique, announces its audited final results for the year ended 31 December 2010.

Vale to build coal-to-liquid plant in Mozambique

The Brazilian mining company Vale is to enter into a partnership with the Portuguese company SGC Energia to build an industrial unit to convert coal into liquid fuel in Moatize district, in the central Mozambican province of Tete.

Vale estimates a liquefied fuel processing plant could produce 300 million litres of fuel a year, of which about half would be used by Vale in Mozambique. The rest would be sold on the domestic fuel market.

African Queen starts core drilling program at King Solomon in Mozambique

Vancouver-based African Queen Mines announced on Friday that it has now commenced its 2011 core drilling program covering approximately 3000m at its King Solomon Project, located north of Lake Cahorra Basa in western Tete Province, Mozambique. The project is the subject of the earn-in and joint venture with Switzerland's Opti Metal Trading, covering exploration, development and exploitation.

African Queen has so far earned an interest of 51% in the project and may earn up to 85% by funding additional prescribed stages through feasibility. The company is exploring properties in Mozambique, Kenya and Ghana for gold and other metals and it is undertaking exploration in Botswana and Namibia for diamonds, gold and other metals – the licenses in Botswana comprise approximately 2890 sq km of diamond prospects.

Riversdale to spend US$50m to import coal moving equipment to Mozambique

allAfrica.com reports:

The Australian company Riversdale has announced the investment of 50 million US dollars in importing 11 locomotives and 200 wagons to move coal from the western Mozambican province of Tete to the port of Beira.

Riversdale (which was recently taken over by Rio Tinto) operates an open cast mine at Benga, in Moatize district, which is due to start production later this year.

Taipei Times: Vale opens new coal mine in Mozambique

Taipei Times reports:

Brazilian mining giant Vale opened a new US$1.7 billion coal mine in Mozambique yesterday, tapping the southern African country’s thermal and coking coal reserves of about 23 billion tonnes.

Vale plans to start production in July and export 1 million tonnes of coal from the US$1.7 billion project this year, ramping up production to 11 million tonnes in a few years — and, local officials hope, boosting Mozambique’s current economic growth of 6.5 percent.

Basil Read secures Mozambique coal mine contract

JSE-listed Basil Read has entered into an agreement with Beacon Hill Resources to develop the Minas Moatize coal mine, in Mozambique. Read more