Vale keeping close eye on Mozambique’s political situation

Brazilian miner Vale is following Mozambique’s turbulent political scenario closely, coal director Roger Downey has said.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

“The situation demands attention, but it is not expected to evolve into a conflict,” he told journalists in a conference call on Thursday November 7.

Operations at the company’s Moatize coking coal mine in Mozambique are continuing as normal.

Violence between the army and opposition political party Renamo escalated last week, and fears over growing political unrest in the African country led Rio Tinto to ship home the families of expatriate workers.

Downey also reconfirmed the timeframe for Moatize’s expansion project.

The additional 11 million-tpy coking coal output capacity is expected to come into operation in the second half of 2013, while the Nacala Corridor is planned to be operational by the second half 2014.

“The first coal cargo should be loaded on Nacala’s railway in September next year, while the first shipment is expected in the first quarter of 2015,” Downey said.

The Nacala Corridor will connect Moatize to the port of Nacala with a total transport capacity of 18 million tpy.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.