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Saturday, February 25, 2012

Mozambique to start work on Nacala coal terminal - PM

Saturday, 25 Feb 2012

Mozambique expects construction of a coal terminal to start in the next few months at the northern port of Nacala, with the aim of having it operational in two to three years.

Mozambique prime minister Mr Aires Aly told Reuters that "We need to have it up and running in the next two to three years.”

He expects Nacala to have a total capacity of 25 million tonnes of coal, including the planned terminal exclusively for coal.

Vale has said it plans to spend USD 4.4 billion to build the terminal and a 912 kilometer railway line connecting its coal mine with the port. The railway line and port will initially have a capacity of 18 million tonnes to meet Vale's rising demand for exports.

Separately, Japan is conducting a feasibility study, financed by its overseas aid, on improving the capacity and operation of the port, including terminals for coal.

(Sourced from Thomson Reuters)

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