1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Indians losing tens of millions of dollars from Mozambican mine

Bleeding Benga

By:  
Creamer Media Senior Deputy Editor
 
Coal
The Benga coal mine in the Tete province of Mozambique, 65%-owned by Indian State-owned company International Coal Ventures Limited (ICVL) and 35%-owned by Indian private-sector group Tata Steel, is effectively losing $7.5-million a month. This has been revealed by the Indian newspaper Financial Express.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register