Vulcan to buy Vale's coal assets in Mozambique for $270m
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 $190m ...
Moatize coal mine Report | Wood Mackenzie
The Moatize coal mine, located in the Tete Province exported its first coal in 2011. Moatize is the largest coal export mine in Mozambique, exporting hard coking coal and thermal coal. The mine is operated by Vale, and is covered by the 867C mining lease. Wood Mackenzie's asset reports are built from the bottom up, incorporating a number of ...
Featured: Mozambique - Source International
Two open pit mines near communities in Moatize, Mozambique, are releasing huge amounts of dust into the air and water, taking the water that local communities depend on, and causing deforestation in the area. This is leading …
Mozambique: Vale concludes sale of Moatize coal mine
File photo: Lusa. 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 ...
Brazil's Vale to divest troubled coal assets in …
Brazil's Vale said on Thursday it is buying out minority stake partner, Japan's Mitsui & Co, in a Mozambique coal mine and port project, ahead of selling the loss-making asset as it works to ...
Coal mining in Tete Province by Vale and other …
Brazilian major mining group Vale extracts coal from the Moatize mine in the Tete province of Mozambique. In 2012, the board of Vale was planning a $6 billion expansion of the mine with plans to lift output from 11 million tons to …
Mozambique: Moatize Coal Mine | Public Private Partnership
In November 2004, IFC advised the government of Mozambique on selecting a devel- oper for the Moatize coal deposit in the Zambezi Valley. The project was intended to serve as anchor project to develop the Zambezi Valley, increase economic activity, and improve local social conditions while also contributing to the country's income.
Destoning the Moatize Coal Seam, Mozambique, by Dry …
The Moatize mine in Mozambique, Tete Pr ovince, is a metallurgical coal mine that has been exploited by V ale S.A. since May 2011, when the …
Vale to Sell Moatize Coal Mine to Vulcan for $270 Million
The brazilian mining company Vale announced today that it has sold its operation in Mozambique to Vulcan Minerals for $270 million, consummating the disposal of coal assets and consequent exit from the African country."Vale S.A. informs that on this date it has entered into a binding agreement with Vulcan Minerals to sell the Moatize coal…
Vale to pay $2.5bn to settle liabilities in Mozambique mine …
Moatize coking coal mine in Mozambique. Image: Vale SA. Vale SA will settle in advance liabilities of around $2.5 billion related to the project finance for the Nacala logistic corridor (CLN) that ...
Coal Mining at Moatize, Tete Province, Northwest of …
Key Words: Coal mining, socioenvironmental impacts, Moatize, Mozambique. INTRODUCTION. The actual relations of man with the nature and its innumerous mineral activities of exploitation of mineral resources have contributed in some decisive way for the well-being and bettering of the quality of life of the present and future generations.
Moatize (Mozambique) | Mining Digital
Moatize (Mozambique) By Admin. July 07, 2014. undefined mins. ... Officially inaugurated in May 2011, the Moatize mine is operated by mining giant Vale, who holds a 95 percent interest in the mine site. Vale plans to spend $6 billion to expand the site in the second half of 2014, increasing production from 11 million tons to 22 million tons per ...
Moatize Coal Mine – Coal calling
Our primary commodity (coal) fuels the energy and electricity consumed by Africans. Our growth and innovation trajectory positions us to be a source of endless possibilities. The company assumes and actively practices a balanced approach for sustainable growth and impact to ensure that a future is secured for every one of its stakeholders ...
Our Community – Moatize Coal Mine
In 2020, Moatize Coal Mine supported the Moatize Coal Mine Foundation and other community initiatives with just over $18.8 million, of which $6.8 million went to the Moatize Coal Mine Foundation, $1.7 million to the Arandis asbestos-roof replacement project, $1.9 million to COVID-19-related donations and $100,000 was in-kind and cash ...
Minas Moatize Coal Mine, Tete - Mining Technology
The Minas Moatize coal mine is located near Tete Province, in Mozambique. The mine is connected by the Nacala Logistics Corridor (NLC) and crosses the Republic of Malawi. Beacon Hill has been managing the Minas Moatize coal mine since May 2010. It acquired the mine from the former owners Borneo Mining / AMCI for $35m and converted the ...
Moatize Mine, Moatize District, Tete Province, Mozambique
Owned/operated by: Vale SA. A coal mine located at Moatize, 15 km from Canchoeira. Its total production capacity is 11 million metric tons per year: 8.5 million metric tons of metallurgical coal, mainly premium hard coking coal; and 2.5 million metric tons of thermal coal.
Moatize Coal Mine I & II Expansion Project - B&W
The Moatize Coal Mine is located in the Tete region of Mozambique and the supply source to the plant was via a 66kV outdoor substation at Matambo linked to a 66kV transmission line to the Moatize Coal Mine. Contract Value R233.0 million. Period October 2009 – September 2011. Site Manhours 834,476. Peak Manpower 317.
Company – Moatize Coal Mine
PURPOSE. To provide innovative and low cost solutions across the mining infrastructure supply chain, by operating with integrity and respect, working in partnership with our clients, our customers, our people and the community. STATERGY. Our strategy is simple. Along with providing long-term contract services to Mozambique's blue chip mining ...
Vulcan Pledges to Continue Operating Moatize Mine - 360 …
09/05/2022. The Indian company Vulcan Resources, which is part of the Jindal Group, on Thursday pledged to continue coal mining in Moatize, in the western Mozambican province of Tete, and to operate the Nacala Logistics Corridor, the railway which runs from Moatize, across southern Malawi, to the mineral port of Nacala-a-Velha, on the coast of ...
Destoning the Moatize Coal Seam, Mozambique, by Dry …
The Moatize mine in Mozambique, Tete Province, is a metallurgical coal mine that has been exploited by Vale S.A. since May 2011, when the mine was officially inaugurated. The estimated coal production is more than 22 million tons per annum (Mtpa) in an open-pit mine. The total estimated coal reserves are more than 2400 Mt .
Moatize Mine - Blackrock Mining Solutions
Moatize Mine Tete Province, Mozambique. Project Snapshot. Producing coal since 2011, and located in the Tete Province of Mozambique, Moatize is one of the world's largest coal reserves. Client. Vale Moçambique. Year. Ongoing. …
India's Jindal snaps up Vale's coal mining assets in …
India's Jindal Group is to pay US$270 million for the Moatize coal mine and the Nacala Logistics Corridor (NLC), which are Brazilian multinational Vale's main assets in Mozambique. Vale said it is committed to working with both the Mozambique and Malawi governments to ensure a smooth transition to the new operator. The Jindal Group and its ...
Vale to divest Mozambique coal assets to Vulcan Minerals …
Credit: Milan Stránský/Pixabay. Vale has agreed to offload its Moatize coal mine in Mozambique and a connected railway corridor to India's Jindal Group subsidiary Vulcan Minerals, in a deal worth $270m. This transaction also includes a ten year royalty agreement, which is conditional on certain mine production and coal price conditions.
Mauritius Arcem Resources acquires Moatize mines in …
The Moatize mine was sold by Vitol, who took ownership in 2014, when the previous owner, British company Beacon Hill Resources, failed to pay a debt of US$10 million. Arcem Resources is owned by South African businessman Paul Main, who has already chosen Gary Tullis to lead Minas de Moatize. Arcem Resources already holds 98% of Arcadia Mining ...
MOZAMBIQUE. A Moatize, la malédiction du charbon
Moatize, une petite ville au cœur d'un district rural dans le nord-ouest du Mozambique, ne tarderait pas à accueillir la plus grande mine de charbon à ciel ouvert au monde. Le géant minier brésilien, Vale do Rio Doce, et une société australienne, Riversdale, avaient obtenu la location de concessions dans la région.
Moatize mine - SourceWatch - Land Matrix
The Moatize mine in Mozambique's coal-rich Tete province is a metallurgical coal mine being developed by Vale (formerly known as CVRD). The Moatize mine was officially inaugurated in May 2011, and has an estimated life span of 35 years. In the first phase of the project the company plans to mine 11-million tons of coal a year, of which 8.5-
Moatize Open-Pit Coal Mine, Tete Province, Mozambique
The Moatize coal mine located in the Tete Province of Mozambique is one of the world's biggest coal mines by reserves. Operated by Vale's subsidiary Vale Mocambique, the open-pit coal mine has been producing since August 2011. It is Vale's first greenfield project in Africa with the company granted the concession to build and operate the ...
Mozambique: Moatize Coal Mine - ICSC
The Moatize coal mine was estimated to hold 913.8 million tonnes (Mt) of proven and probable coal reserves as of December 2019, while the total marketable coal reserves were estimated to be approximately 364.9Mt. The Moatize mine's total coal production decreased to 5.87Mt (3.09Mt of metallurgical coal and 2.78Mt of thermal coal) in 2020, due ...
Moatize mine - Global Energy Monitor
The Moatize-Minjova Coal basin is a NW-SE trending graben, 20 km long and 7 km wide, associated with the Zambezi Valley distension zone. The graben is bounded by normal faults with throws of between 500 m and 800 m, which are marked by thick fault breccias. Open-cut mine, which was developed directly by Vale.
Vulcan pledges to continue operating Mozambique's coal …
Vulcan Resources purchased the Moatize mine and the Nacala Logistics Corridor from their previous owner, the Brazilian mining giant Vale, for 270 million US dollars. This agreement was reached in December 2021, and the sale was finalized last month. Also read: IMF board approves Mozambique's US$470M credit line
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