The loss-making Benga coal mine in Mozambique, owned by the SAIL-led consortium of five PSUs, International Coal Ventures (ICVL), and Tata Steel, is eating into promoters assets. ICVL bought 65% in the mine from mining giant Rio Tinto in July ... Mining & Quarry World, 2 weeks ago
Indians losing tens of millions of dollars from Mozambican mine - Mining Weekly, 4 weeks ago
Mozambique mine eating into assets of ICVL, Tatas - Club of Mozambique, 1 month ago
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KOLKATA (miningweekly.com) Fears have been raised that mining consortium Indian Coal Ventures Limited's (ICVL's) strategic objective for its Mozambique coal investments was going awry, as production from the Benga mine have now been earmarked for ...Mining Weekly, 2 weeks ago
The role of Rio Tinto in the forced re-settlement of a community in Mozambique to make way for the Benga Coal Mine has resulted in their severe disadvantage including food and water shortages, loss of economic opportunity, and social fracturing, ...Ethical Investor, 1 week ago Rio Tinto to pay US$277 M to the Mozambican Tax Authority Club of Mozambique, 3 weeks ago Rio Tinto releases solid first quarter production London Stock Exchange, 1 month ago Rio Tinto PLC Rio Tinto releases solid first quarter production ADVFN UK, 1 month ago
No-One Invests US$4 Billion "Without Cast-Iron Guarantees" That The Moatize /Macuse Projects Are Viable
( 2015-04-20 ) The project to build a railway from the Moatize coal basin in the western Mozambican province of Tete to a new deep water port at Macuse, on the coast of Zambezia province, is in serious trouble, since it has been unable to secure ...Club of Mozambique, 1 month ago Mozambique: No Money for Moatize-Macuse Railway AllAfrica.com, 1 month ago No Money for Moatize-Macuse Railway Individual.com, 1 month ago Mozambique firm fails to raise $4bn for railway project StarAfrica.com, 1 month ago
(Updates with comments from executive in fifth paragraph.) The net loss, including that of Tata Steel Europe Ltd., was 56.7 billion rupees ($888 million), or a 58.90 rupees a share loss, in the three months ended March 31, compared with a 10.4 ...La Repubblica, 2 days ago
He said Eqstra would not sell its contract mining business in a depressed market. He said it would be prudent to first make the business more attractive by turning it around and paying off its debt, before considering potential buyers, more likely ...Engineering News, 2 months ago
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