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    coal-investing

    Protesters Block Vale Mine Over Compensation

    Investing News Network
    Apr. 17, 2013 10:41AM PST
    Industrial Metals Investing

    Reuters reported that protesters blocked the entrance to Vale’s biggest coal mine in Mozambique, arguing that they were due relocation compensation from five years ago.

    Reuters reported that protesters blocked the entrance to Vale’s biggest coal mine in Mozambique, arguing that they were due relocation compensation from five years ago.

    As quoted in the market report:

    Vale said the protest did not affect production but the rally underscored a lingering problem for the mining firm from poor Mozambicans angry at what they feel are heavy-handed tactics to move them in order to exploit coal deposits.

    To view the whole Reuters report, click here.

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