Rio Tinto, Vale Should Develop Mozambican Coal Rail Link Jointly

Bloomberg reported that the Mozambican Minister of Mineral Resources recommends that Rio Tinto and Vale should consider developing a rail link jointly to ship coal.

As quoted in the market report:

It is our desire, and we believe that the companies will share information and will share capacity that will be available,” she said at the Investing in African Mining Indaba in Cape Town today. That includes “Nacala and other railways that will be built. It’s in our strategy that lines for any product are for free access for other products. It wouldn’t make sense to have a line dedicated only to one product.

To view the whole Bloomberg report, click here.