| Date: Dec 18, 2017 |
| Brazilian mining firm Vale expects coking coal production from its Moatize mine in Mozambique to reach 7.2mn t in 2017, a 106pc increase on the year.
The company also expects to produce 4.5mn t of thermal coal compared with 2mn t in 2016, which would increase Moatize’s total output by 113pc on the year to 11.7mn t. Vale plans to ramp up production at the mine to 16mn t in 2018, rising further to 20mn t by 2021. The company expects overall shipments in 2017 to increase by 44pc on the year to 12.4mn t, of which 11.1mn t will have been shipped through the Nacala Logistics Corridor and 1.3mn t through the port of Beira. |
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