{"id":18505,"date":"2022-04-27T14:14:54","date_gmt":"2022-04-27T14:14:54","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/vale-concludes-sale-of-moatize-coal-mine"},"modified":"2022-04-27T14:20:50","modified_gmt":"2022-04-27T14:20:50","slug":"vale-concludes-sale-of-moatize-coal-mine","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/vale-concludes-sale-of-moatize-coal-mine","title":{"rendered":"Vale concludes sale of Moatize coal mine"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Brazilian mining company Vale has completed the sale of assets in coal exploration in Mozambique to India\u2019s Vulcan Minerals, a deal worth US$270 million (\u20ac253 million), the company announced on Tuesday.<\/p>\n

\u201cVale concluded on 25 April 2022, the process of responsible transmission of the Moatize operation and the Nacala Logistics Corridor to Vulcan Resources, based on the binding agreement for the sale of assets,\u201d Vale Mozambique said in a statement to the media.<\/p>\n

The mines are located in the province of Tete, central Mozambique. According to Vale, the transaction complied with the conditions set out by law, including the \u201capprovals of the governments of Mozambique and Malawi.<\/p>\n

According to the mining company\u2019s statement, the two companies will continue to work together on \u201cimplementing systems, processes and procedures to ensure continuity of operations.<\/p>\n

Vale worked in Mozambique for 15 years, operating the Moatize mine and 912 kilometres of railway in the Nacala Logistics Corridor to transport coal.<\/p>\n

In early 2021 the company announced its intention to \u201cdivest its coal assets\u201d and focus on \u201clow-carbon mining\u201d.<\/p>\n

Vulcan is a private Indian company that is part of the Jindal Group, with a market value of US$18 billion (\u20ac16.8 billion), and which is present in Mozambique, operating the Chirodzi mine also located in the Tete region.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Brazilian mining company Vale has completed the sale of assets in coal exploration in Mozambique to India\u2019s Vulcan Minerals, a deal worth US$270 million (\u20ac253 million), the company announced on Tuesday. \u201cVale concluded on 25 April 2022, the process of responsible transmission of the Moatize operation and the Nacala Logistics Corridor to […]<\/p>\n","protected":false},"author":84,"featured_media":18504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-18505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nVale concludes sale of Moatize coal mine - Mozambique<\/title>\n<meta name=\"description\" content=\"Brazilian mining company Vale has completed the sale of assets in coal exploration in Mozambique to India\u2019s Vulcan Miner ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/vale-concludes-sale-of-moatize-coal-mine\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vale concludes sale of Moatize coal mine\" \/>\n<meta property=\"og:description\" content=\"Brazilian mining company Vale has completed the sale of assets in coal exploration in Mozambique to India\u2019s Vulcan Miner ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/vale-concludes-sale-of-moatize-coal-mine\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-27T14:14:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-27T14:20:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-6269512a30191.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"509\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/vale-concludes-sale-of-moatize-coal-mine#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/vale-concludes-sale-of-moatize-coal-mine\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Vale concludes sale of Moatize coal mine\",\"datePublished\":\"2022-04-27T14:14:54+00:00\",\"dateModified\":\"2022-04-27T14:20:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/vale-concludes-sale-of-moatize-coal-mine\"},\"wordCount\":226,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/vale-concludes-sale-of-moatize-coal-mine#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-6269512a30191.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/vale-concludes-sale-of-moatize-coal-mine#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/vale-concludes-sale-of-moatize-coal-mine\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/vale-concludes-sale-of-moatize-coal-mine\",\"name\":\"Vale concludes sale of Moatize coal mine - 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