Construction Under Way on Mozambique's $1.5 Billion Coal Project

CORDOBA, ARGENTINA--August 6, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--A consortium led by Brazilian miner Vale (NYSE: RIO) (Rio de Janeiro) is starting site preparation works at its Moatize coal project, located in the Tete district of the Moatize province in Mozambique. The project entails the development of a mine and a preparation plant with a nominal production capacity of 11 million tons per year. Of this, 8.5 million tons per year will be metallurgical coal for export, mostly for use in the steel industry, while the remaining 2.5 million tons per year will be thermal coal used to fuel a 2,000-megawatt thermal power station in the country.