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Iron Ore Producer, Vale Spent $300 Million at Mozambique Coal Mine
Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in its Moatize coal mine and should begin selling fuel from the project by June 2011.
Brazilian Mining Company, Vale Begins To Develop Coal Mine Project in Tete, Mozambique
Brazilian major diversified miner Companhia Vale do Rio Doce (Vale) has started development of its $1,3-billion Moatize coal project in Tete province, Mozambique. Production is scheduled to start in December 2010.
Mining Companies Agreement Coal Mining Exploration in Moatize Coal Mine Review
Mozambican President Armando Guebuza on Friday laid the first stone for the construction of an open cast coal mine in Moatize in the western province of Tete, that will be operated by the Brazilian mining giant, the Companhia Vale do Rio Doce (nowadays known simply as Vale).
Brazilian Biggest Mining Company, Vale Launches Construction of Coal Mine Exploration Project in Mozambique
Brazilian mining giant Vale on Friday launched the construction of a $1.3 billion coal project in northern Mozambique, with the capacity to produce 11 million tonnes of coal per year.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
South Africa: Implats Invests R1bn in Afplats Leeuwkop Mine
IMPALA Platinum, the world’s second-biggest platinum miner, has bought a 29% stake in African Platinum (Afplats) for R1,07bn, and will use the investment to fund the first phase of Afplats’ Leeuwkop mine.
Although the mining sector, through the Chamber of Mines, has expressed concern recently that bureaucracy is stifling mining investment in SA, the strength of [...]
