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Mozambique Ncondezi Coal Plans to Invest $400 Million
Mar. 13, 2011 10:56AM PST
Industrial Metals Investing
Reuters Africa reported that Ncondezi (LON:NCCL) expects to start producing coal in the Zambezi coal basin by 2015.
Reuters Africa reported that Ncondezi (LON:NCCL) expects to start producing coal in the Zambezi coal basin by 2015.
The market news is quoted as saying:
Ncondezi is planning to produce coal in the Zambezi coal basin of Mozambique in the same area where mines are being developed by Brazilian mining giant Vale and Riversdale Mining.