Vale Plans $6 Bln Expansion of Mozambique Coal Mine

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.

Click here to read the full Reuters report.