Eight power plants in India, and three steel factories in China, are said to be ‘screaming for product’ from a major newly-exploited coal field in Mozambique. Two Indian groups – Jindal and Coal India – have concessions in Tete province, as do the Australian company, Riversdale, and Ncondezi – a new outfit, now planning to raise $60m (€49m, £41m) through an initial public offering on the London Stock Exchange over coming weeks. And the world’s biggest iron ore producer, Vale of Brazil, is well-advanced in its own plans.
See http://www.minesandcommunities.org/article.php?a=10201.