Vale's Coking Coal Output Seen Higher in Mozambique
Global miner Vale’s Moatize coal mine in Mozambique could produce up to 12.7 million metric tons (mt) of hard coking coal per year in the first phase of the project, according to Reuters. The company had previously forecast an annual production of 8.5 million mt of hard coking coal. Vale said the mine would also target to produce 2.4 million mt of thermal coal for exports and an additional 2.5 million mt for a 600-mw power station the company plans to build close to the mine.