Planned developments to improve competitiveness of Moz coal project – Vale

Brazilian mining major Vale believes that the conclusion of the project finance for the Nacala Logistics Corridor in Mozambique and Malawi will be an important step in increasing the competitiveness of its Mozambican coal operation. This was affirmed by the group’s Investor Relations head André Figueiredo in a presentation at the BM&F Bovespa, São Paulo’s Stock Exchange and Commodities and Futures Exchange, late last month. Vale has developed the Moatize coal mine in Mozambique’s inland province of Tete. The mine produces mainly metallurgical, or coking, coal.