Mozambique needs $80B to achieve energy transition by 2050
Mozambique: More than 20 companies interested in acquiring Vale’s assets – O Pais
2:13 CAT | 04 Mar 2021
File photo: Vale
Mozambique’s Council of Ministers on Tuesday approved the divestment of Vale in the Moatize coal mine in Tete province, and also in the Nacala Logistic Corridor.
A source from the Ministry of Mineral Resources and Energy told ‘O País’ that there are already more than 20 companies interested in buying the company’s shares.
According to the source, there is still no deadline for Vale’s divestment, but all existing labour agreements in the mining company will continue in force during this phase, and the firm’s commitments will be honoured.
The ‘O País’ source also indicates that there no extraordinary revenues will be incurred by the State and that the company is paying its taxes as usual.
By Clemêncio Fijamo
Source: O País
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