Vale Starts Study on Coal Terminal at Mozambique’s Deepwater Nacala Port

Bloomberg reported that Vale (NYSE:VALE) has begun a study regarding a potential new coal terminal in northern Mozambique.

The market news is quoted as saying:

The project is expected to cost about $1.5 billion, Mualeia, chairman of Caminhos de Ferro de Mocambique, known as CFM, said in an interview.

To read the full market news, click here.