Maputo, Mozambique — MININGREVIEW.COM — 09 May 2011 – Vale SA “’ the world’s largest iron-ore producer “’ has started operations at its US$1.7 billion Moatize coal mine in northwest Mozambique.
The mine is to produce 11Mt of metallurgic and thermal coal a year, the Rio de Janeiro-based company said today in a statement handed to reporters in Tete, 2,000km north of the capital.
Mozambique aims to cut poverty in the southern African country by developing resources including coal, gold, natural gas, tantalite, heavy sands, phosphates, iron and graphite.
“The extractive industry has a big role in fighting against poverty in our country,” President Armando Guebuza said when he officially opened the mine. “The government is working on becoming a safe investment destination,” he added.
Moatize employs 7,500 workers and its coal will be transported along a 600km railway line to the port of Beira in central Mozambique, according to the statement.