Vale Mozambique Coal Mine is 75% Complete

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38th Annual Conference on Explosives & Blasting Technique (02-12)
30th Anniversary World Trade & Transport Conference (02-15)
2012 SME Annual Meeting & Exhibit (02-19)
McCloskey Coal Conference of the Americas 2012 (03-14)

Thursday, 26 August 2010 10:28

According to Bloomberg, Vale SA has completed 75% of work needed to start production at its Moatize coal mine in northwestern Mozambique. Vale has invested US$719 million of the planned US$1.3 billion it targeted for the southern African nation for the coal mining concession acquired in 2004.

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