Mozambique Ncondezi Coal Plans to Invest $400 Million

Industrial Metals

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.

To read the full market news, click here.

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