Vale SA, the world’s biggest iron- ore producer, and Tata Steel Ltd., India’s largest steelmaker, are involved in coal-mining viability studies in northern Mozambique, a government official said.
The companies were evaluating the potential of the Manhamba basin in Mozambique’s northern Niassa province, about 3,000 kilometers (1,865 miles) from the capital, Maputo, which the government estimates has more than 3 million metric tons of coal reserves, Niassa provincial governor Arnaldo Bimbe said in an interview yesterday.
Bimbe said that in addition to the Manhamba basin, there are “indications” of coal deposits in the Majune district about 100 kilometers east of Niassa province’s capital, Lichinga.
“We have not yet ascertained the real quantity -- the viability studies will help us know the real potential,” he said.
Tata and Vale have also won coal-mining concessions in the northwestern province of Tete, Bimbe said.
Source: Bloomberg
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