Bloomberg News

Mozambique Rejects Rio Plan to Barge Coal Along River, Pais Says

March 09, 2012

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.

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

To contact the editor responsible for this story: Paul Richardson in Nairobi at pmrichardson@bloomberg.net.


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