Vale Plans $6 Bln Expansion of Mozambique Coal Mine
Investing News Network - November 22nd, 2011
Reuters reported that Vale (NYSE:VALE) intends to expand its Mozambique-based Moatize coal project.
Reuters reported that Vale (NYSE:VALE) intends to expand its Mozambique-based Moatize coal project.
As quoted in the market news:
Marcelo Matos, general manager for marketing and sales at Vale’s coal unit, told a coal conference in Maputo on Tuesday that first production from the expanded mine is forecast for the second half of 2014.