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Moatize Data

Moatize Information

  • General 2015-05-10
    Moatize is located near Tete in central Mozambique and is 575km from Beira where the Sena/Beira railroad is being renovated to accommodate initial export levels. The company then intends to ramp up the mine's Phase One planned full output between 2011 and 2015, the news service said. The proposed full production target for the initial phase is 2.4 million tonnes per annum of thermal coal for export and 2.5 million tonnes per annum of thermal coal for a local power plant. The first phase also involves production of 12.7 million tonnes per year of hard coking coal for export.

Related News

  • IFC close to $2.7bn debt refinancing for Mozambique's Nacala railway 2016-10-07
    The International Finance Corporation, part of the World Bank, expects to close a $2.7-billion debt refinancing for the Nacala Corridor railway project in Mozambique early next year, a senior IFC official said on Friday. The refinancing could help to ease balance sheet pressure on Brazilian miner Vale which is developing the railway and a coal mine in the region.
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  • Vale says rail delay limits new iron mine output to 75m tonnes 2016-09-20
    Brazil's Vale said on Monday output from its new S11D iron-ore mine in the Amazon region will be limited to 83 percent of full capacity as efforts to preserve cash and limit transport disruptions crimp a needed railway expansion. The $14.3 billion project, Vale's biggest-ever investment, was widely expected to produce up to 90 million metric tonnes a year of iron-ore - the key ingredient in steelmaking - after a two-year ramp-up scheduled to begin by year-end.
  • Vale says rail delay limits new iron-ore mine output to 75mt 2016-09-20
    Brazil's Vale said on Monday output from its new S11D iron-ore mine in the Amazon region will be limited to 83 percent of full capacity as efforts to preserve cash and limit transport disruptions crimp a needed railway expansion. The $14.3 billion project, Vale's biggest-ever investment, was widely expected to produce up to 90 million metric tonnes a year of iron-ore - the key ingredient in steelmaking - after a two-year ramp-up scheduled to begin by year-end.

Moatize News

  • Planned developments to improve competitiveness of Moz coal project – Vale 2016-09-09
    Brazilian mining major Vale believes that the conclusion of the project finance for the Nacala Logistics Corridor in Mozambique and Malawi will be an important step in increasing the competitiveness of its Mozambican coal operation. This was affirmed by the group’s Investor Relations head André Figueiredo in a presentation at the BM&F Bovespa, São Paulo’s Stock Exchange and Commodities and Futures Exchange, late last month. Vale has developed the Moatize coal mine in Mozambique’s inland province of Tete. The mine produces mainly metallurgical, or coking, coal.
  • Mozambique's coal mines shed 4 000 jobs as coal price drops – State news agency 2016-08-19
    Nearly 4 000 coal miners have lost their jobs in Mozambique's Tete province over the past year as mining firms such as Brazil's Vale cut back due to lower prices, the African nation's state news agency said on Thursday. Vale, which operates an open cast coal mine in the northwestern part of one of the world's poorest countries, shed 2 348 workers, said the head of Tete province's mineral resources department Portasio Aurelio.
  • Vale reports reduced costs, losses in Mozambique and rising prices 2016-08-12
    Brazilian major mining group Vale has reported, in its publication Vale’s Performance in 2Q16, that its subsidiary in Mozambique produced negative earnings before interest, taxes, depreciation and amortisation (Ebitda) of $100-million during the second quarter of this year (2Q16). However, this was an improvement over the negative Ebitda of $112-million during the first quarter. This improvement was largely the result of a reduction in costs and expenses (after accounting for variations in volumes and the exchange rate).
  • Vale's Mozambique unit stops using Sena railway after attacks – State news agency 2016-07-29
    Brazil's Vale has stopped transporting coal on the Sena railway line in Mozambique which carries coal from the interior to the Indian Ocean port of Beira after gunmen attacked a train, Mozambique's state news agency (AIM) said on Thursday. "The train was ambushed as it passed through Inhamitanga, in Cheringoma district in the central province of Sofala. The driver was shot in the back whilst a security guard received cuts from flying glass," AIM news agency said.
  • Vale says Mitsui has no plans to revise Mozambique coal venture 2016-03-31
    Vale SA, the world's No. 2 mining company, said on Thurday that partner Mitsui & Co Ltd has no plans to revise terms of a coal venture project in Mozambique, as reported by a local newspaper. Rio de Janeiro-based Vale said in a securities filing that a recent decision to reduce the accounting value of assets in the project "does not directly impact Mitsui's investment decision" in the project, adding that both companies are working to conclude long-term financing for the venture.

Nearby Locations

Nearby Location News

  • Shanghai, Ncondezi sign shareholders agreement for Moz power plant 2016-07-07
    Chinese energy company Shanghai Electric Power (SEP) and Ncondezi Energy this week signed a shareholders agreement term-sheet in Maputo, Mozambique, marking a significant step towards the completion of the joint development agreement for the planned 300 MW Ncondezi coal-fired power project, in Tete province. SEP chairperson Wang Yundan and Ncondezi chairperson Michael Haworth also met with Mozambique government representatives in Maputo to provide an update on the progress of and future plans for the project, including development timelines, financing, construction and the operation of the plant.
  • Ncondezi just months away from finalising joint venture with Shanghai Electric 2016-06-27
    Ncondezi Energy is pressing ahead with plans jointly to develop a coal mine and power station in partnership with a heavyweight Chinese utility company
  • British, Chinese companies to develop Moz coal mine, power station project 2016-01-22
    London Stock Exchange AIM-listed company Ncondezi Energy has announced that it has entered into a binding Joint Development Agreement (JDA) with China’s Shanghai Electric Power Company (SEP) to develop the Ncondezi coal mine and thermal power station project in Mozambique, in the province of Tete. The deal results in SEP becoming a strategic investor in the Mozambican project.
  • Indian group recommits to Mozambique as Irish miner restructures 2015-03-13
    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 international coal market is passing, which has recorded a sharp fall in price,” he told the Mozambican media recently. “Despite this, Jindal is committed to remain in the Mozambican market and to continue to produce.”
  • Indian group recommits to Mozambique as Irish miner restructures 2015-03-13
    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 international coal market is passing, which has recorded a sharp fall in price,” he told the Mozambican media recently. “Despite this, Jindal is committed to remain in the Mozambican market and to continue to produce.”

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