Mining & Energy
Savannah Resources lands mining concessions for Mutamba heavy minerals project
Heavy rain in Mozambique has disrupted Vale’s Nacala railway operations, sources told S&P Global Platts Friday.
Market participants, however, were uncertain of the extent of disruption caused or damage to the Nacala railway, which transports coal from the Moatize mine.
Vale did not respond to a request for comment.
An Indian end-user who has an end-March coking coal cargo from Vale said he had not been informed of any disruption.
Vale’s main coking coal product from Moatize is a Premium Low Vol with 63% CSR, 10% Ash, 20.5% VM, 300 ddpm, CSN 9, and 85% vitrinite.
Vale’s production guidelines for the Moatize mine are 7.5 million mt of coking coal and 6.5 million mt of thermal coal.
Platts assessed Premium Low Vol coal up $2/mt day on day to $216.25/mt FOB Australia Friday.Source: S&P Global Platts
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