Mozambique to issue more coal licenses by 2012

Tue,March01,2011

MAPUTO – Mozambique will issue more coal exploration licenses in three provinces between this year and 2012, a senior government official said on Tuesday.

National Mining Director in the Mineral Resources Ministry Eduardo Alexandre told Reuters foreign firms from North America, Europe and Asia will be invited.

"We hope to issue at least five exploration licences this year and next in the provinces of Tete, Niassa and Cabo Delgado in the northern regions of Mozambique," Alexandre said in an interview.

"We have areas where there is a potential existence of coal in the provinces of Niassa, Tete and Cabo Delgado."

The resource-rich state with vast, untapped coal deposits has so far granted 105 licenses for research and exploration of mineral resources.

Australia's Riversdale, India's Tata Steel, Brazil's Vale are looking to exploit coal in the country with billions of tonnes of mineable coal. Edited by:Reuters

Tags: world's untapped coal deposit, India, raw material,

POSCO and Vale join ands to develop coal mine in Mozambique

Sunday, 30 Jan 2011
Reuters reported that POSCO said that it has agreed with Brazilian miner Vale to jointly seek to develop a coal mine in Mozambique.
POSCO said in a statement “The coal mine, located in Tete, Mozambique, would be able to produce 11 million tonnes of coals annually, which will be used as raw materials or for power generation.”

It did not elaborate how much each company would invest.
POSCO, which aims to double raw material self sufficiency to 50% by 2014, has earmarked KWR 700 billion in raw material investment this year.
The agreement comes as a result of POSCO CEO Mr Chung Joon-yang's trip to four African countries last week, aimed at securing resources from the continent.(sourced:Reuters)