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Article: Mozambique: Consortium approves first stage of Benga coal venture in Mozambique.
- Article from:
- TendersInfo
- Article date:
- November 10, 2009
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Byline: kusumv03
The consortium developing a US$ 270 million coal mining project at Benga in Mozambique s Moatize province has approved the first phase of the undertaking, the Noticias newspaper reported.
The consortium comprises Riversdale Mining of Australia, with a 65 percent stake, and India s Tata Steel, with a 35 percent shareholding. The companies expect to produce 5.3 million tons of coal in the first stage of the joint venture, providing 1.7 million tons of high-quality coking coal and 300,000 tons of export thermal coal.
Riversdale CEO Michael OA[sup.3]Keefe told Noticias approval of the project s initial phase allows his company to ...