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18/08/· Benga is primarily a metallurgical, or coking coal, mine, with reserves of 2.6billion tons, of which 70% is coking coal. The remaining 35% of Benga .
Get PriceMost of Mozambique's mining and mineral processing operations are privately owned, including the cement plants, the Mozal aluminium smelter, and the Temane gas processing plant. Artisanal miners produce gold and aquamarine, tourmaline, and other gemstones. Carbomoc E.E., which was the country's only coal producer, is stateowned.
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24/06/· Riversdale Mining, a Sydney, Australiabased coalminer with assets in Mozambique, has announced that it has signed a nonbinding memorandum of understanding (MoU) with Chinese steelmaker Wuhan Iron and Steel Corporation (WISCO) for the development of the Zambeze coal project in Mozambique.
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29/07/· Rio Tinto acquired the three mines in for $3.7bn through the purchase of Riversdale Mining. The company has been reducing costs to bring down the huge debt generated from the purchase of the mines. In the first half of the year, Rio Tinto's Mozambique unit has produced 246,000t of hard coking coal that is used in steelmaking, and 230
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31/01/· Coking coal prices soared to a high of over $300/per tonne in November last year after remaining below $100 a tonne since . The prices have now .
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30/07/· Mining giant Rio Tinto has agreed to sell its Mozambique coal assets to an Indian investment group for $50 million as part of an effort to cut costs and bring down its multibilliondollar debt, WallStreetJournal reports. International Coal Ventures Private Ltd. is buying Rio Tinto's Mozambique business — one of two poorlytimed purchases by Rio that led to the departure of former CEO Tom
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04/08/· The price of coking coal was almost 350 US dollars a tonne in, but by May it had fallen to below 100 US dollars a tonne and to move a tonne of coal from Vale's mine .
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Large coal mine available for sale in Moatz Coal district in Mozambique. Good quality coking coal & boiler grade coal available over 880 Ha of land. Reputed firms are having licence to mine coal in adjacent areas. Estimated deposit of 173 million tons of coal at 2.3 meters to 23 meters depth. Current owners want to exit business.
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Mozambique has commercially important deposits of coal (high quality coking coal and thermal coal), graphite, iron ore, titanium, apatite, marble, bentonite, bauxite, kaolin, copper, gold, rubies, and tantalum. Mozambique holds some of the world's largest untapped coal deposits.
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Large coal mine available for sale in Moatz Coal district in Mozambique. Good quality coking coal & boiler grade coal available over 880 Ha of land. Reputed firms are having licence to mine coal in adjacent areas. Estimated deposit of 173 million tons of coal at 2.3 meters to 23 meters depth. Current owners want to exit business.
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21/01/· Coking coal Vale signs deal to buy Mitsui's stake in Mozambique coal business Brazilbased miner Vale and Japanese trading company Mitsui have signed a headsof agreement to take the first step toward exiting their investment in the Moatize coal mine and the Nacala Logistics Corridor (NLC) in Mozambique, Vale said on Wednesday January 20.
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14/08/· Vale's coal business is composed almost entirely of its Moatize mine in the inland Tete province of Mozambique (The miner's only other coal assets are minority stakes in two joint ventures in China.) Moatize produces both metallurgical (or coking) coal and thermal coal.
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The coking coal market is oversupplied at the moment and prices are low due to lower demand from steel mills because of production issues in China. Mozambique's coal is of a high quality, and mining companies are hoping by the time the new capacities start to come online, prices will have moved back up to the highs of and market supply
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10/10/· JSPL's Mozambique mine, acquired in, was put under care and maintenance early this year due to a progressive fall in the price of coking coal, which forced global mining majors to .
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30/07/· Mining giant Rio Tinto has agreed to sell its Mozambique coal assets to an Indian investment group for $50 million as part of an effort to cut costs and bring down its multibilliondollar debt, WallStreetJournal reports. International Coal Ventures Private Ltd. is buying Rio Tinto's Mozambique business — one of two poorlytimed purchases by Rio that led to the departure of former CEO Tom
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Large coal mine available for sale in Moatz Coal district in Mozambique. Good quality coking coal & boiler grade coal available over 880 Ha of land. Reputed firms are having licence to mine coal in adjacent areas. Estimated deposit of 173 million tons of coal at 2.3 meters to 23 meters depth. Current owners want to exit business.
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China has deepened its interest in Mozambique's natural resources, agreeing to invest $1bn in a coal project. Wuhan Iron and Steel, one of China's biggest steel producers, will spend $200m
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08/03/· Vale's main coking coal product from Moatize is a Premium Low Vol with 63% CSR, 10% Ash, 20.5% VM, 300 ddpm, CSN 9, and 85% vitrinite. Vale's production guidelines for the Moatize mine are 7.5 million mt of coking coal and 6.5 million mt of thermal coal. Platts assessed Premium Low Vol coal up $2/mt day on day to $216.25/mt FOB Australia Friday.
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17/06/· Posco, South Korea's largest steelmaker, agreed to buy a 7.8 percent stake in a coal mine in Mozambique to secure supplies as raw material costs rise.
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23/01/· Rio Tinto began exporting coking coal from its Benga mine in Mozambique's Moatize Basin in June, with a first shipment of 34,000 metric tons destined for an Indian steel mill.
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21/07/· ICVL to Bid for 3 Mozambique Coal Mines. Jul 21, | World News. Rio Tinto Coal Mozambique has stake each in Zambeze and Tete East projects and 65% in the Benga mine, in which Tata Steel holds the remaining 35%. The coking coal mines are located in the north of the country. Citing an unmade source in the steel ministry, PTI said that
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The coking coal market is oversupplied at the moment and prices are low due to lower demand from steel mills because of production issues in China. Mozambique's coal is of a high quality, and mining companies are hoping by the time the new capacities start to come online, prices will have moved back up to the highs of and market supply
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08/06/· 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
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01/01/· "NMDC is in active discussions to acquire coking coal assets in Mozambique and Russia. It is scouting for coking coal assets in the US also," the company said in a recent presentation. NMDC is setting up a three million tonnes per annum steel plant at .
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21/06/· Riversdale Mining expects to export the first coking coal from its Benga project in Mozambique by early, with a major rampup of the mine due in . Updated Jun 22, – .
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Mozambique has commercially important deposits of coal (high quality coking coal and thermal coal), graphite, iron ore, titanium, apatite, marble, bentonite, bauxite, kaolin, copper, gold, rubies, and tantalum. Mozambique holds some of the world's largest untapped coal deposits.
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ICVL Group of companies' coal assets are situated in Tete Province, Mozambique. The referred coal assets are held through 2 (two) Mozambican incorporated companies: "Minas de Benga, Lda" ("MBL") and "ICVL Zambeze, Lda" ("IZL"). MBL holds an operating coal mine (Benga Coal Mine) under Mining Concession C, located in Moatize District
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16/04/· Foreign mining companies are betting in Mozambique on one of the world's largest untapped reserves of premium hard coking coal relatively close to Africa's east coast, a .
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31/07/· Elizabeth Knight: Rio's humiliation complete; Rio Tinto has washed its hands of its disastrous $3.9 billion Riversdale Mining acquisition, by announcing a sale of its Mozambique coal .
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26/11/· Jindal starts coking coal production at Chirodzi mine in Mozambique. Indian steel major Jindal has started production at its 10 milliontpy Chirodzi coking coal mine in the northern Mozambique province of Tete, a company official confirmed. Production at the mine started earlier this month, with the first shipment expected as early as January
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Mozambique has commercially important deposits of coal (high quality coking coal and thermal coal), graphite, iron ore, titanium, apatite, marble, bentonite, bauxite, kaolin, copper, gold, rubies, and tantalum. Mozambique holds some of the world's largest untapped coal deposits.
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26/01/· To mine coking coal large amounts of cheaper thermal coal must be removed. When these mines opened, the thermal coal could be sold, but now it cannot and will be left in giant piles. Coking coal
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