{"id":50247,"date":"2023-11-12T20:50:31","date_gmt":"2023-11-12T20:50:31","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/plans-to-double-production-capacity-of-mozambique-based-icvl-to-4-mtpa-sail-chairman"},"modified":"2023-11-12T21:19:43","modified_gmt":"2023-11-12T21:19:43","slug":"plans-to-double-production-capacity-of-mozambique-based-icvl-to-4-mtpa-sail-chairman","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/plans-to-double-production-capacity-of-mozambique-based-icvl-to-4-mtpa-sail-chairman","title":{"rendered":"Plans to double production capacity of Mozambique-based ICVL to 4 MTPA: SAIL Chairman"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>There are plans to double the production capacity of International Coal Ventures Pvt Ltd (ICVL) to 4 million tonne per annum at an investment of USD 150-200 million, the chairman of the Steel Authority of India Limited (SAIL) Amarendru Prakash said.<\/p>\n

Mozambique-based ICVL is a special purpose vehicle of SAIL, RINL, NMDC, CIL and NTPC for acquiring coal mines and assets overseas.<\/p>\n

In Mozambique, the production capacity of ICVL is being doubled and a detailed project report is being prepared in this regard, Prakash told PTI on the sidelines the ISA Coking Coal Summit in the national capital.<\/p>\n

When asked about the investment for doubling the capacity, the Chairman said, \u201dit will be to the tune of USD 150-200 million.\u201d He added that SAIL has procured around eight coking coal shipments of 75,000 tonne, from Russia in the first two quarters of 2023-24.<\/p>\n

It is expected that supplies from Russia will continue in the same proportion for the remaining two quarters of the fiscal year.<\/p>\n

On prices of the coking coal being sourced from Russia, Prakash, without sharing any numbers said, \u201dThey are comparatively cheaper than those sourced from Australia and the US.\u201d Coking coal is a key raw material used in steel making and the players meet around 90 per cent requirement of coking coal through imports.<\/p>\n

The expansion of ICVL will help increase the supply of coking coal to SAIL and RINL.<\/p>\n

According to SteelMint India, coking coal prices have moved up by around USD 100 per tonne in the last six months to trade at USD 350 per tonne at present.<\/p>\n

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

Africa-Press – Mozambique. There are plans to double the production capacity of International Coal Ventures Pvt Ltd (ICVL) to 4 million tonne per annum at an investment of USD 150-200 million, the chairman of the Steel Authority of India Limited (SAIL) Amarendru Prakash said. Mozambique-based ICVL is a special purpose vehicle of SAIL, RINL, NMDC, […]<\/p>\n","protected":false},"author":84,"featured_media":50246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-50247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nPlans to double production capacity of Mozambique-based ICVL to 4 MTPA: SAIL Chairman - Mozambique<\/title>\n<meta name=\"description\" content=\"There are plans to double the production capacity of International Coal Ventures Pvt Ltd (ICVL) to 4 million tonne per a ...\" \/>\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\/plans-to-double-production-capacity-of-mozambique-based-icvl-to-4-mtpa-sail-chairman\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plans to double production capacity of Mozambique-based ICVL to 4 MTPA: SAIL Chairman\" \/>\n<meta property=\"og:description\" content=\"There are plans to double the production capacity of International Coal Ventures Pvt Ltd (ICVL) to 4 million tonne per a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/plans-to-double-production-capacity-of-mozambique-based-icvl-to-4-mtpa-sail-chairman\" \/>\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=\"2023-11-12T20:50:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-12T21:19:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/11\/sm_1699811093.126873.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"728\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\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=\"2 minutes\" \/>\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\/plans-to-double-production-capacity-of-mozambique-based-icvl-to-4-mtpa-sail-chairman#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/plans-to-double-production-capacity-of-mozambique-based-icvl-to-4-mtpa-sail-chairman\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Plans to double production capacity of Mozambique-based ICVL to 4 MTPA: SAIL Chairman\",\"datePublished\":\"2023-11-12T20:50:31+00:00\",\"dateModified\":\"2023-11-12T21:19:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/plans-to-double-production-capacity-of-mozambique-based-icvl-to-4-mtpa-sail-chairman\"},\"wordCount\":283,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/plans-to-double-production-capacity-of-mozambique-based-icvl-to-4-mtpa-sail-chairman#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/11\/sm_1699811093.126873.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/plans-to-double-production-capacity-of-mozambique-based-icvl-to-4-mtpa-sail-chairman#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/plans-to-double-production-capacity-of-mozambique-based-icvl-to-4-mtpa-sail-chairman\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/plans-to-double-production-capacity-of-mozambique-based-icvl-to-4-mtpa-sail-chairman\",\"name\":\"Plans to double production capacity of Mozambique-based ICVL to 4 MTPA: SAIL Chairman - 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