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Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport minister said the new line will link the coal-rich northern Moatize mines to Nacala port by 2015.
He said funding from the Dutch and Danish government as well as the European Union meant construction could start in two months. The Brazilian firm mining in Moatize says it represents one of the world's last great unexploited coal reserves.
Mozambique's railways, ports and mines are slowly recovering from a brutal civil war that ended in 1992. Three years ago, the 670km (420 mile) long Sena Railway linking Beira port to Moatize was cleared of mines and unexploded ordnance.
But the BBC's Jose Tembe in the capital, Maputo, says the line was never completely refurbished and the silted port of Beira is now unable to handle big vessels.
So Transport Minister Paulo Zucula said the new line will link the existing Sena line to a railway that runs between the deep water port of Nacala and Malawi.
'Unexploited coal reserve'
Its completion, including the refurbishment of the Nacala-Malawi railway, will come at the peak of Moatize mine's coal production, Mr Zucula said. Operations at Moatize, in Tete province, are run by Brazilian mining giant, Vale.
Mr Zucula said some of the new funding would also be used to dredge Beira port.
Our correspondent says the railway is part of Mozambique's plan to become a regional trans-shipment route.
Its three key ports - Maputo, Beira and Nacala - are strategically important to Mozambique's neighbours, especially landlocked Malawi, Zambia and Zimbabwe, as well as parts of South Africa.
The country also wants to serve as an alternative to the highly congested ports of Dar-es-Salaam in Tanzania and Kenya's Mombasa.
Source: BBC
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Tuesday, 25 August 09
INDIAN FIRM TO INVEST $44 MN IN INDONESIA
Economic Times - India Times reported that, BEML Limited, India-based second largest heavy equipment producer in Asia, will invest $44 million in In ...
Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bhar ...
Tuesday, 25 August 09
PIKE RIVER DELAYS COAL EXPORTS FROM NEW ZEALAND MINE
South African mining Weekly reported that, The first 60,000-t export shipment from ASX-listed Pike River Coal’s new mine has been delayed unti ...
Monday, 24 August 09
INDONESIAN GOVT ASKED TO CONTROL COAL TRADERS, BROKERS
The Jakarta Post, the leading English news paper in Indoneisa reported that, Businesses are urging the government to bring all coal traders and brok ...
Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
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- Global Coal Blending Company Limited - Australia
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- McConnell Dowell - Australia
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- Edison Trading Spa - Italy
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- Australian Coal Association
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- Indonesian Coal Mining Association
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- Thai Mozambique Logistica
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