Tuesday, 08 Nov 201
Macauhub.com reported that Mozambique’s revenues from exports of coal mined in Tete province are estimated at between USD 15 billion and USD 17 billion according to a study published by Anglo-Australian group Rio Tinto.
The group, which this year took control of Australian company Riversdale Mining following a takeover bid also said it was preparing to make significant investments in order to move ahead with mining the coal reserves in the Mozambican province.
The study, published during a visit by the Mozambican president to the group’s facilities some 1,300 kilometres from the city of Perth in Western Australia, also said that the Rio Tinto group would, by 2016, employ over 3,000 workers.
The chief executive of Rio Tinto Coal Mozambique, Mr Eric Finlayson said that the company planned to introduce the company’s worldwide standards for health, safety, the environment, community, human resources and construction to it Mozambican operations.
He said that “Rio Tinto wants to develop its coal projects in the Tete basin as quickly and safely as possible adding that there was a pressing need to resolve logistics issues which are currently a problem that is affecting exports.
Coal from Tete is currently exported via the port of Beira in the central province of Sofala and which is some 575 kilometres from the Moatize coal basin which can be reached via the Sena railroad or by truck.
(sourced Macauhub)
Macauhub.com reported that Mozambique’s revenues from exports of coal mined in Tete province are estimated at between USD 15 billion and USD 17 billion according to a study published by Anglo-Australian group Rio Tinto.
The group, which this year took control of Australian company Riversdale Mining following a takeover bid also said it was preparing to make significant investments in order to move ahead with mining the coal reserves in the Mozambican province.
The study, published during a visit by the Mozambican president to the group’s facilities some 1,300 kilometres from the city of Perth in Western Australia, also said that the Rio Tinto group would, by 2016, employ over 3,000 workers.
The chief executive of Rio Tinto Coal Mozambique, Mr Eric Finlayson said that the company planned to introduce the company’s worldwide standards for health, safety, the environment, community, human resources and construction to it Mozambican operations.
He said that “Rio Tinto wants to develop its coal projects in the Tete basin as quickly and safely as possible adding that there was a pressing need to resolve logistics issues which are currently a problem that is affecting exports.
Coal from Tete is currently exported via the port of Beira in the central province of Sofala and which is some 575 kilometres from the Moatize coal basin which can be reached via the Sena railroad or by truck.
(sourced Macauhub)
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