Coal news and updates

Indian consortium International Coal Ventures Pvt Ltd (ICVL) to date has shipped to India 70,000 tons of coal mined in Mozambique, which was destined for the Steel Authority of India (SAIL), said a source from the consortium.

 

Quoted by daily newspaper The Hindu, the source also said two shipments had been made in three months and from January 2015 the company would start to make a shipment per month of coal mined in Benga, in Mozambique’s Tete province.

 

With this monthly shipment, the source said, Rashtriya Ispat Nigam (RINL), National Mineral Development Corporation (NMDC), Coal India and NTPC will begin to be supplied by coal mined in Mozambique, in addition to the Steel Authority of India (SAIL) .

 

In the past three months the consortium has been hiring staff for the top spots of the Mozambican subsidiary in order to speed up the expansion of the Benga mine and start exploration at two other concessions taken on when it acquired the Mozambican mining assets of Anglo-Australian group Rio Tinto.

 

 

 

Source: http://www.macauhub.com.mo/