Mozambique’s Tete Coalfield One to Watch, Says Beacon Hill CEO

Mining Weekly reported that according to Rowan Karstel, CEO of Beacon Hill Resources plc (LSE:BHR), the Tete coalfield, located in Mozambique, has more development potential over the next 10 years than other sub-Saharan coal mining areas.

As quoted in the market news:

Speaking at the Heavy Haul Rail Africa 2014 conference, in Sandton, he said Tete had the advantages of high-quality coal and being connected to good infrastructure and stated that Beacon Hill, which operated the Minas Moatize project in the region, was bullish about its potential.

‘Mozambique has the most potential in sub-Saharan Africa because the Tete region has hard coking coal, the government is working on plans to increase the capacity of the Sena railway line to 20-million tons a year and there are big plans on the table for the development of Quay 13 at the Port of Beira,’ Karstel said.

Click here to read the full Mining Weekly report.