Johannesburg, South Africa — 27 July 2012 – ArcelorMittal South Africa has started talks with major mining groups Vale and Rio Tinto with a view to the purchase of coking coal mined in Mozambique, according to an official of the South African steel-making company.
Macauhub News Agency reports that during a presentation here, director of the procurement and logistics William Nel said that this year ArcelorMittal South Africa would buy between 300,000 and 400,000t of coking coal produced by Brazilian mining company Vale at its Moatize coal mine in Mozambique.
In terms of Rio Tinto, Nel said, the company was testing samples and, if the tests were successful, “we expect to buy 500,000t from them in 2013.” Rio Tinto produces coal at its Benga and Zambeze operations in Mozambique.
Coking coal is one of the essential raw materials for producing steel.
Source: Macauhub News Agency. For more information, click here.