Vale declares force majeure for iron ore
NewsBrazilian miner Vale has declared force majeure on some of its iron ore contracts in the wake of the fatal tailings dam collapse at Brumadinho.
Additional capacity for Nacala line
StandardThe government of Mozambique has announced US$3B of new private sector investment in the Nacala railway. The line, which connects the Moatize coal mines in Tete Province in the northwest of Mozambique with the Indian Ocean port of Nacala, currently has handling capacity of 22 Mtpa. The funding was agreed by the government, the Northern Development Corridor (CDN) and the Nacala Integrated Logistics Corridor (CLN). CLN and CDN are owned by logistics and mining companies, including Mozambique’s sta
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