During July, ICVL purchased Rio Tinto’s 65% stake in the Benga mine and 100% each in Zambeze and Tete East coal assets in Mozambique for $50 million. Benga, the only operational mine, produces about 5 million metric tons per year (mtpy). There is a potential to increase production from the mine to 12 million mtpy in the near-term.
ICVL Ships First Coking Coal From Mozambique
CA Sidebar 01
