Mozambique’s government rejected a proposal by Rio Tinto Plc (RIO) to transport “low-cost” coal along the Zambezi River, O Pais reported, citing Transport Minister Paulo Zucula.
The decision may mean exporting the fuel won’t be viable for mining companies because rail costs are too expensive, the Maputo-based newspaper said, citing Casimiro Francisco, chairman of the Mozambique Coal Development Association. The government hasn’t provided any reasons to substantiate its decision, Francisco said.
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