Mozambican graphite exported to Indonesia
FILE - For illustration purposes only. [Nacala Logistics]
The mining company Vulcan Mozambique, which is part of the Indian Jindal Group and operates coal mines in Tete province, expects to reach output of between 50 and 52 million tons this year, putting it among the largest producers in the world, the company’s general director told Lusa.
“When we took over in 2022, our production was around 23 or 24 million tons (…),” Mukesh Kumar, told Lusa, on the sidelines of the 10th Mozambique Mining and Energy Conference (MMEC).
“In the last three years, we increased this to around 35 and 36 million tons, and by the end of this year, we expect to reach around 50 to 52 million tons. This will make us the second largest metallurgical coal mining company in the world,” Kumar explained.
“We are in a market where there are abundant resources […] Mozambique has vast resources when it comes to coal. Therefore, we feel that we can potentially be one of the largest companies in the world.”
In April, 2022, Vulcan purchased, from Brazilian company Vale, the coal mines in Tete (central Mozambique) and the railway line and port structure in Nacala, for US$270 million.
Vale was present in Mozambique for 15 years, operating the Moatize mine and 912-kilometre railway line of the Nacala Logistics Corridor.
Vulcan is a private Indian company, part of the Jindal Group, which is valued at US$18 billion. Vulcan was previously present in Mozambique, operating the Chirodzi mine, also in the Tete region.
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