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    13 July, 2017
Mozambican coal to be shipped to Australia
 
Maputo, 13 Jul (AIM) – The Brazilian mining giant Vale is to export coking coal from its open cast mine in Moatize, in the western Mozambican province of Tete, to Port Kembla in Australia for the first time.

According to the Platts news service, 70,000 metric tonnes of metallurgical coal will shortly be shipped from the northern port of Nacala to Port Kembla in eastern Australia.

Platts noted that “the import of Mozambique coal is symbolic because Australia is the largest seaborne exporter of metallurgical coal in the world, the bulk of which is premium hard coking coal, prized for its high Coke Strength after Reaction”.

Last year Australia exported 172 million tonnes of coking coal, which is over two-thirds of the global seaborne market of 259 million tonnes.

In May, the consortium formed by Vale, the Japanese multinational Mitsui, and Mozambique’s publicly-owned port and rail company, CFM, formally inaugurated the Nacala Logistics Corridor (CLN). This is the new railway and coal terminal which Vale believes will be determinant for the success of its coal mining at Moatize.

The Nacala Logistics Corridor required an investment of US$4.4 billion. It includes a 912 kilometre long railway, running from Moatize to a new mineral port at Nacala-a-Velha. Although the corridor was formally inaugurated in May, it began operating in early 2016. Last year the Nacala-a-Velha port exported 6.5 million tonnes of coal, and this year exports are expected to reach 11 million tonnes. Within the next two years the railway and port are projected to reach peak capacity of 18 million tonnes of coal a year.

It is these increased volumes that will reduce operational costs and make Vale’s Moatize coal project competitive on the world market.
(AIM)
 
 
  16 July, 2017  
 
President Nyusi inaugurates Kuvaninga power station
 
President Filipe Nyusi on 15 July inaugurated a gas fired power plant station in Macarretane in the southern province of Gaza.

 
  13 July, 2017  
 
Mozambican coal to be shipped to Australia
 
The Brazilian mining giant Vale is to export coking coal from its open cast mine in Moatize, in the western Mozambican province of Tete, to Port Kembla in Australia for the first time.

 
  12 July, 2017  
 
Germany to provide €15 million for electricity network
 
Mozambique and Germany on 12 July in Maputo signed an agreement under which €15 million will be made available for the second phase of a project to modernise the electricity network.

 


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