Essar, Mozambique Agree to Build 20 Million-Ton Iron Ore Terminal at Beira

Bloomberg reports that a private corporation, Essar Group has agreed to build a 20 million metric ton a year iron ore terminal in Mozambique.

The market news is quoted as saying,

The terminal, at Beira in central Mozambique, will ship surplus output from the company’s Mwanezi and Ripple Creek mines in neighboring Zimbabwe, Firdhose Coovadia, resident director for the Middle East and Africa, said at the Africa Iron Ore Conference in Cape Town today.

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