Thursday, 23 June 2011
Brazil-based Vale plans to join with Portugal's SGC Energia, a company involved in renewable energy projects, to build a facility in Moatize in Tete, Mozambique that will convert coal produced at Vale's Moatize coal mine to liquid fuel.
Thermal coal will be used a power station to create 300 megawatts of electricity; higher quality coking coal will be used for export, and lower grade coking coal will be converted into liquid fuel.
Tags: coking coal , Brazil , Portugal , Mozambique , Vale , raw mat , Africa , South Africa , European Union , East Africa , South America , Europe , mining , production , investments (sourced steelorbis)
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