Mozambique Ncondezi Coal Plans to Invest $400 Million

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.

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