Vale reduces coal production target in Mozambique
Vale has reduced it coal production and export target for its Moatize project, in Mozambique by half to 2.6 million tons, due to the limited capacity of the railroad line that links the mine to the port of Beira, said a company official.
Brazilian mining giant Vale opened a new USD 1.7 billion coal mine in Mozambique yesterday, tapping the southern African country's thermal and coking coal reserves of around 23 billion tonnes.