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Nacala coal terminal work to begin -Mozambique PM
February 23, 2012 / 3:51 AM / 6 years ago

Nacala coal terminal work to begin -Mozambique PM

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.

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