Radio Mozambique has reported that Indian company Jindal Africa has failed to comply with a court order ordering it to stop coal stockpiling activities at its Chirodzi mine, in the Moatize district of Mozambique’s Tete province. The order was issued by the Tete provincial court.
JSPL Mozambique Minerais company has kept the Moatize coal terminal in operation despite a decision by the Tete Judicial Court for it to be closed, Radio Moçambique reported. Continue reading
Coal will be Mozambique’s top exportrevenue earner over the medium term, according to the Economist Intelligence Unit (EIU). This will be the result of improving security in the central region of the country and rising global coal prices. Details of the EIU report were released by Portuguese news agency Lusa. Continue reading
Indian group Jindal Steel and Power Ltd (JSPL) on 1 October resumed coal mining in Mozambique in view of the increase in ore prices on international markets, particularly coking coal, said the group’s chief executive. Continue reading
The government of Mozambique remains confident that its mining boom is set to accelerate in the coming years, despite weak sentiment in the global mining industry. Rising coal production and an eventual rebound in global prices will spur some growth in Mozambique’s mining sector in 2016‑20 but we expect that, weighed down by infrastructure deficits and non-competitive policies, it will remain a relatively small contributor to GDP growth. Continue reading