Vale to drop Port of Beira

Login

Register

http://www.clubofmozambique.com/

Vale to drop Port of Beira

10:54 CAT | 04 Dec 2017

Notícias

Vale will stop using the Port of Beira to export coal from next year, and concentrate operations on the Nacala Logistics Corridor, Chairman of the Vale Moçambique Marcio Godoy told Notícias on the margins of the recent signing of Nacala Logistics Corridor improvement financing contracts.

Godoy said the company intended to increase output from 12 million tonnes this year to about 17 or 18 million tonnes next year, volumes that could easily be handled by the corridor.

Currently, the Sena Line and the Coal Terminal of the Port of Beira have a capacity of about 20 million tons, but the port access channel can only accommodate ships of up to 40,000 tons, while the deep water port at Nacala-a-Velha can accommodate ships of up to 180,000 tons.

Also Read: Emergency dredging at Port of Beira underway

“We intend to export 18 million tons of coal in the coming years. This is almost the existing capacity of the Port of Beira, so it is more advantageous for us to use the Port of Nacala, because of the size of the vessels that can dock there,” Godoy said.

Last week, Vale signed a financing agreement with Mitsui at a ceremony attended by members of the government, the Japan Bank for International Cooperation, Nippon Export and Investment Insurance, the African Development Bank and the Export Credit Insurance Corporation of South Africa.

Also Read: Moatize-Macuse project to begin in late 2018 – govt

Addendum signed to Macuse railway agreement

The agreements create conditions for Vale and Mitsui to improve the Nacala Logistics Corridor with work on the railway line and acquisition of rolling stock.

The planned interventions will boost Nacala Logistics Corridor capacity to 22 million tonnes per annum, of which 18 million tonnes will be coal and the remaining four million various other products.

Of the amount planned, part goes to Mozambique and part to Malawi, with repayment terms of 13 and 14 years, almost half the period of the Nacala Logistics Corridor concession.

Also Read: Vale and Mitsui to invest in Nacala corridor – WATCH

Source: Notícias