Drilling at Ncondezo
Coal “’ one of several
companies expected to
start producing coal
in the Tete province
soon
Maputo, Mozambique — 07 September 2012 – Eurasian Natural Resources Corporation (ENRC) “’ a leading diversified natural resources group with most of its assets located in the Republic of Kazakhstan “’ is to build a coal terminal in Mozambique for the export of coal from that country.

The company is due to make a series of public presentations on the donation of the coal terminal project “’ which is to be built in Nacala-a-Velha “’ at a series of meetings scheduled for next week in the Mozambican cities of Nampula and Nacala-Porto, Macauhub News Agency learned in Maputo.

The company “’ which has its headquarters in London and is listed on the London and Kazakhstan stock exchanges “’ plans to build and operate the port terminal for exporting coal at Namuaxi point (Nacala Bay), near the town of Nacala-a-Velha.

The project for construction and operation of a coal terminal is associated to another one by ENRC for construction of a railway line between Chiúta, in Tete province, and Nacala-a-Velha in Nampula province.

ENRC and Jindal Resources (Mozambique), Ncondezi Coal Company and Minas do Revobué are part of a group of coal sector companies expected to start mining coal in the Tete province within the next three years.

ENRC entered the Mozambican market following its acquisition in 2009 of the Central African Mining Exploration Company (CAMEC), and will mine for coal at its concession in the district of Cahora Bassa, in the Moatize coal basin.

Source: Macauhub News Agency. For more information, click here.