Mar 4 2021Vale holds an % stake in the mine while the remaining interests are held by Mitsui % and Empresa Mocambicana de Exploracao Mineria 5% Vale signed a Heads of Agreement HoA to acquire Mitsui s stakes in the Moatize mine as well as the 50% equity stake in the associated Nacala Logistics Corridor NLC in January 2024
Get PriceDec 21 2021SAO PAULO Dec 21 Reuters Brazilian miner Vale SA on Tuesday announced the sale of its Moatize coal mine and the Nacala logistic corridor for $270 million to Vulcan Minerals In a securities filing Vale said the company will receive $80 million immediately and the rest at the close of the deal
Get PriceNov 1 2021Credit Анатолий Стафичук/Pixabay Brazilian miner Vale is reportedly anticipating binding bids for its Moatize coal business in Mozambique this month as it plans to exit the coal industry Vale finance vice president Luciano Siani was cited by Reuters as saying during a conference call We have already received some
Get PriceJan 21 2021TOKYO Jan 21 Reuters Brazil s Vale said on Thursday it is buying out minority stake partner Japan s Mitsui Co in a Mozambique coal mine and port project ahead of selling
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Get Price2024 2 23 • World Economic Forum Global Competitiveness Index ranked 133 out of 138 countries • Hermes Country Risk Rating 4 high risk 7 international company Vale running Moatize 1 and 2 mines Moatize was the first coal mine and is Mozambique s biggest one with a production capacity of Get Price
Get PriceDec 21 2021SAO PAULO Dec 21 Reuters Brazilian miner Vale SA on Tuesday announced the sale of its Moatize coal mine and the Nacala logistic corridor for $270 million to Vulcan Minerals In a securities filing Vale said the company will receive $80 million immediately and the rest at the close of the deal There will also be a 10 year royalty contract
Get PriceBrazil Vale Vale is a global mining company with headquarters in Brazil and operations in more than 30 countries present on all five continents Vale is a leader in the production of iron ore and the second largest producer of nickel Vale s mission is to transform natural resources into prosperity and sustainable development
Get PriceThe Moatize coal mine located in the Tete Province of Mozambique is one of the world s biggest coal mines by reserves Operated by Vale s subsidiary Vale Mocambique the open pit coal mine has been producing since August 2024 It is Vale s first greenfield project in Africa with the company granted the concession to build and operate the
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Get PriceIn 2024 as part of the undertaking and with the objective of connecting the Moatize Coal Mine to the market to make the world class business viable Vale revitalized 682 km of railways in the Nacala Corridor and built new railway extensions totaling 230 km crossing Malawi and reach the deep water sea port built by the company in Nacala a Velha off the coast of Mozambique
Get PriceDec 21 2021The mine which started production in 2024 has been a source of ongoing problems and losses for Vale The company fully impaired Moatize in 2024 after taking a $ billion charge on the
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Get PriceIn March 2024 Mitsui acquired from Vale a 15% equity interest in a Vale subsidiary that owns a 95% equity interest of the Moatize Project and a 50% equity interest in another Vale subsidiary that is implementing the Nacala Project Since then Mitsui has worked to develop the Projects and improve their operations
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Get PriceDec 21 2021Vale informs that on this date it has entered into a binding agreement with Vulcan to sell the Moatize coal mine and the Nacala Logistics Corridor for total proceeds of US$ 270 million comprised of US$ 80 million at Closing and US$ 190 million from the existing business until Closing plus a 10 year Royalty Agreement subject to certain mine production and coal price conditions
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Get PriceDec 21 2021Vale NYSE VALE is selling its Moatize coal mine and the Nacala logistic corridor a multi billion dollar port and rail project in Mozambique to Vulcan Minerals TSX V VUL in
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Get PriceProtests against Vale NGOs on Friday 27 January at the World Economic Forum at Davos mining company in the world and Moatize is its largest mine in Africa World Economic Forum warns over international conflicts World Economic Forum warns over international conflicts Saved Save Article My Saved Items Print Email
Get PriceJan 20 2021Rio de Janeiro January 20th 2024 Vale Vale or the Company informs that on this date it signed a Heads of Agreement HoA with Mitsui Co Ltd Mitsui allowing both parties to structure Mitsui s exit from the Moatize coal mine Moatize mine and the Nacala Logistics Corridor NLC as a first step towards Vale s divestment of the coal business
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Get Pricesurroundings of Vale s coal exploration project in Moatize who experience pollution by dust rains caused by the dynamiting of the mine area Ethnographic evidence shows that most populations compulsorily displaced from their territories have peasant characteristics of social and economic production organization and reproduction
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