The Mozambican Minister of Mineral Resources and Energy said on Monday that about 20 companies are interested in buying Brazilian company Vale's coal mine and logistical corridor in Mozambique, ensuring continuity of the activities. "The investment banks hired by Vale [to run the business] have already enlisted a group of about 20 …

Thanks to the joint effort of all workers at the Mine, Railway and Port, Vulcan was recently distinguished, for the second consecutive time, as the largest company in Mozambique, in the XXV Edition of the ranking of the 100 Largest Companies in Mozambique - 2023, through a study carried out and published by the prestigious consultancy KPMG …

Despite being largely overshadowed by its booming coal sector, gold is still expected to boost the mining industry and economy. By 2017, Mozambique's gold production is expected to increase from 25,000 ounces in 2011 to 85,000 ounces by 2017.51 Figure 3 shows the production levels of gold from 2009 to 2017 (forecast).

Brazilian mining company Vale has completed the sale of assets in coal exploration in Mozambique to India's Vulcan Minerals, a deal worth US$270 million (€253 million), the company announced on Tuesday. "Vale concluded on 25 April 2022, the process of responsible transmission of the Moatize operation and the Nacala Logistics …

VALE, the Brazilian mining firm, is to divest of its Mozambique coal and port projects as it pursues plans to become carbon neutral by 2050, said Reuters citing the company.. It also wanted to focus on its core operations. Vale operates the Moatize coal mine and Nacala Corridor rail and port projects in the southern African country.

In early 2021, Vale announced its objective to no longer own coal assets, focusing on its core businesses and on its ambition to become a leader in low-carbon mining. Over the past 15 years, Vale has worked in partnership with Mozambique and Malawi governments in the implementation of the Moatize mine and NLC's 912-km …

sbm vale mining mozambique contactsMozambique Mozambique's National Development Strategy envisages using the country's resources to improve living conditions for the pop

January 30, 2011. [ miningmx] — Posco, the world's No.3 steelmaker, said on Sunday it has agreed with Brazilian miner Vale to jointly seek to develop a coal mine in Mozambique. The move comes as the South Korean firm plans to raise its resource self-sufficiency. The coal mine, located in Tete, Mozambique, would be able to produce 11 ...

The Brazil-based mining corporation Vale was the first to obtain a license to explore Mozambique's large coal reserves being followed by other mining companies, such as Jindal and BHP. The Moatize mine in Tete Province (an open pit mine producing metallurgical and thermal coal) had not been explored since the country's independence …

In early 2021, Vale announced its objective to no longer own coal assets, focusing on its core businesses and on its ambition to become a leader in low-carbon …

Move was praised by BTG analysts. Vale agreed to sell its coal assets, the Moatize mine and the Nacala Logistics Corridor (CLN), located in Mozambique, to …

Vale mining company recognised today that the emission of coal dust is "one of the major environmental challenges" of its opencast mining in Mozambique, but said it has made "major investments in technology to reduce the impact". "This [pollution] is one of our major environmental challenges, and the company is aware of it ...

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Vale, a Brazilian mining corporation, owns and operates the mine, which has an estimated reserve of over 2.4 billion metric tons of high-quality coking coal. The Moatize Coal Mine is crucial to both domestic and international markets, supplying coal for steel production and fueling thermal power plants.

Vale had been in Mozambique for 15 years and announced at the beginning of 2021 its "goal of no longer owning coal assets" and to focus on "low carbon mining." Vulcan is a private Indian company that is part of the Jindal Group, with a market value of US$18 billion (€15.9 billion) and is already present in Mozambique, operating the ...

Brazilian mining company Vale has completed the operation to sell coal mining assets in Mozambique to India's Vulcan Minerals, a deal worth $270 million, the …

01:58 Listen. Mining company Vale Mozambique increased coal production by 92% in the second quarter of 2021 compared to the previous quarter, to 2.1 million tonnes, the company said in a statement on Monday. "Vale Mozambique was close to doubling coal production levels, compared to the first three months of 2021," according to …

Brazilian mining company Vale has completed the operation to sell coal mining assets in Mozambique to India's Vulcan Minerals, a deal worth $270 million, the company announced this Tuesday, April 26. "Vale communicates that it concluded on April 25, 2022, the process of responsible transmission of the Moatize operation and the …

Our people. Vulcan is a prominent mining company, known for being the largest employer in Mozambique. We create hundreds of jobs annually, with a focus on opportunities for young people in technical, operational, and administrative roles. As an equal opportunity company, we prioritize diversity, inclusivity, and workplace safety to foster a ...

Vale to acquire Mitsui's stakes in Moatize coal mine and infrastructure. Brazilian firm Vale has signed a heads of agreement (HoA) to acquire Japan-based Mitsui & Co's stakes in the Moatize coal mine in Mozambique and Nacala Logistics Corridor (NLC) in south-east Africa. January 21, 2021.

The sale is part of Vale's strategy to exit coal assets. (Credit: Rolf Dobberstein from Pixabay) Vulcan Minerals, a subsidiary of India-based Jindal Group, has agreed to acquire Moatize coal mine in Mozambique and the Nacala logistics corridor from Vale in a deal valued up to $270m. Under the deal, Vale will receive $80m at closing and …

The mine is spread over 3,860ha of area. Revuboè mine is expected to commence coal production in 2016. Revuboè coal mine is located in the Moatize Basin, Tete Province of Mozambique. The mine is owned by Talbot Group (58.9%), Nippon Steel & Sumitomo Metal Corporation (33.3%) and Posco (7.8%). It is located along-side Rio …

Brazilian mining company Vale Moçambique has announced Sérgio Chitará as its new executive manager for the coal sector in Mozambique. The first Mozambican in the role, he replaces Márcio Godoy and returns to Vale, where he had previously worked for seven years (between 2009 and 2016), in the implementation of Vale's coal mining and …

Vale promotes equal opportunities for everyone. We treat each other fairly and with dignity regardless of race, gender, nationality, ethnic origin, religion, age, sexual orientation or any other personal consideration that makes us plural. Let´s build a new Vale together. A new future. Please, select your country of interest and read about the ...

SAO PAULO (Reuters) -Brazilian miner Vale SA announced on Tuesday a deal to sell its Moatize coal mine in Mozambique and a connected railway corridor for $270 million to Vulcan Minerals, a ...

Brazilian group Vale has awarded Mota-Engil Africa, a subsidiary of Portuguese group Mota-Engil, a contract for the supply of mining services worth US$445 million, the Portuguese group said in a statement to the market on Tuesday. Under this contract, Mota-Engil Africa will provide services that include drilling, supplying …

Image: Vale SA. Vale SA has hired investment banks Barclays Plc and Standard Chartered to sell its Mozambique metallurgical and thermal coal mine and port project, three sources said on Thursday ...

The Moatize coal mine is owned by Vale and Mitsui Corp, in Moatize, Tete province, Mozambique.. The company has proposed increasing capacity to 22 million tonnes per annum, but in 2020 revised the figure to 15 million tonnes. In 2021, it was noted that the mine had a capacity of 20 million tonnes, suggesting the proposed expansion has finished.

Analysis. Vale targets coal exit as it prepares sale of Moatize mine in Mozambique. Mining Coal. By Andrew Fawthrop 21 Jan 2021. The Brazilian miner will …

The Brazilian mining company VALE is reportedly on the verge of divesting its coal and port projects in Mozambique as it pursues plans to become carbon neutral by 2050. It also decided to concentrate on its core activities. In the southern African region, Vale operates the Moatize coal mine and Nacala Corridor rail and port projects.

Vale (NYSE: VALE) is selling its Moatize coal mine and the Nacala logistic corridor, a multi-billion dollar port and rail project in Mozambique, to Vulcan Minerals (TSX-V: VUL) in a transaction ...

The Brazilian mining company Vale is to withdraw from the coal business. The position was advanced by the Minister of Mineral Resources and Energy, Max Tonela, who assured that the process is well underway and that the rights of the population are safeguarded. It is all a matter of time for the process of withdrawal from the Mozambican …

11 Mar, 2022. 15 years ago, when the Mozambican government signed a contract with mining giant VALE, almost everybody in Mozambique believed that coal would develop the country. This investigation exposes part of the destruction that VALE Moçambique is preparing to leave behind now that it has announced an agreement to sell its projects to ...

Brazilian mining company Vale has advertised 170 job vacancies in Mozambique, explicitly encouraging women to apply. "Vale Mozambique expects that at least 20% of the new job vacancies will be filled by women," a statement from the mining company says. According to Vale Moçambique, 105 of its