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    4 January, 2013
Vale-Mozambique moves 1,000 trainloads of coal
 
Maputo, 4 Jan (AIM) – In December, the Brazilian mining giant Vale moved its one thousandth trainload of coal from its open cast min in Moatize, in the western Mozambican province of Tete to the port of Beira.

This year, Vale-Mozambique plans to transport 4.5 million tonnes of coal – equivalent to 1,700 trainloads – down the Sena railway line to Beira.

According to the Vale Manager of Logistical Operations, Vanderlei Marques, cited in a press release from the company, the thousandth train was an important landmark in the company’s operations in Mozambique. It began its Mozambican operations slightly more than a year ago, and has so far transported over two million tonnes of coal to the main world markets.

“The target reached is a historic gain for Vale’s business in Mozambique, and vastly exceeds the figure reached in 2011, which was just 120 trainloads of coal”, said Marques. “This achievement is strengthening the name of Mozambique in the world market for coking coal”.

Currently all of Vale’s export quality coal travels down the Sena Line to the new coal terminal in Beira, which has a modern system for unloading and storing the coal, and then loading it onto ships. The terminal can handle up to six million tonnes of coal a year.

But Vale already has to share the terminal with another coal company, Rio Tinto, and in the near future Vale’s production capacity will exceed the capacity of the Sena Line to move it.

Vale is therefore building a new railway across southern Malawi which will link up with the existing northern railway line to the port of Nacala. A new coal terminal at Nacala-a-Velha is planned (facing the existing port), and should be operational by late 2014.  
(AIM)

 
 
  19 September, 2014  
 
Significant resources found at Jangamo
 
The British based mining company Savannah Resources has announced that it has identified five significant heavy mineral sands zones at its Jangamo deposit in the southern province of Inhambane.

 
  17 September, 2014  
 
Prime Minister opens communication conference
 
Mozambican Prime Minister Alberto Vaquina argued in Maputo on Wednesday that defective dissemination of information by the mass media can damage the fight against poverty and have a negative impact on the country’s economy.

 
  16 September, 2014  
 
Central Bank continues to hold interest rates steady
 
The Monetary Policy Committee of the Bank of Mozambique, meeting in Maputo on Monday, decided to keep the bank’s key interest rates unchanged for at least another month.

 


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