Vale starts study on coal terminal at Mozambique Deepwater Nacala Port

Wednesday, 06 Jul 2011

Bloomberg cited Mr Rosario Mualeia chairman of the state run ports and railways utility as saying that Vale SA the world largest iron ore producer, started studies on building a coal terminal at Nacala port in northern Mozambique.

Mr Mualeia chairman of Caminhos de Ferro de Mocambique known as CFM said in an interview on the sidelines of a coal conference in Maputo, the capital that the project is expected to cost about USD 1.5 billion

He said without disclosing who would fund the project that “Work has begun on the project and the government will come in as a partner through the CFM.” (sourced from Bloomberg)