Bloomberg News

Mozambique Issues Coal Prospecting Licenses, Including Vale, Rio

March 09, 2012

Vale SA (VALE3) and Rio Tinto Plc (RIO) are among the recipients of 20 coal prospecting licences issued by Mozambique for the Maniamba basin in northwestern Niassa province, National Mines Director Eduardo Alexandre said.

The Maniamba basin covers 4,000 square kilometers and studies carried out so far have covered 870 square kilometers, Alexandre said in a telephone interview today from the capital, Maputo.

The government is working on a coal transportation system connecting the province, he said without giving further details.

To contact the reporter on this story: Fred Katerere in Maputo at fkaterere@bloomberg.net

To contact the editor responsible for this story: Hilton Shone at hshone@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus