Nacala coal terminal work to begin -Mozambique PM

TOKYO | Wed Feb 22, 2012 10:49pm EST

TOKYO Feb 23 (Reuters) - Mozambique's Prime Minister Aires Aly said in Tokyo on Thursday his nation plans to start construction of a coal terminal at the northern port of Nacala in the next few months, aiming for it to be operational in two to three years.

Brazil's Vale plans to spend $4.4 billion to build the terminal and a 912 km (570 mile) rail line connecting its coal mine with the port. The line and the port will initially have a capacity of 18 million tonnes to meet Vale's rising demand for exports.

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.