Brazilian mining company Vale said it has delivered its first coal from its Moatize project in north west Mozambique to the port of Beira and expects to export the coal later this month.
The first train carried 2,200 metric tons of coal from the Moatize metallurgical and thermal coal mine located in the coal-rich Tete basin.
Vale said that the Moatize project, which is currently the company’s largest coal investment, will be able to produce up to 11 million tons of coal, 8.5 million tons of which will be metallurgical coal and 2.5 million tons thermal coal.
According to the company, the Tete basin is expected to account for 18% of the global total sea-borne coking coal trade in 2025.
Other than the Mozambique project, Vale has coal assets and a portfolio of exploration projects in Australia and Colombia as well as minority stakes in two joint ventures in China.
