africa Coal commodities Economy export FDI Mining Mozambique Natural Resources

Vale sees record coal production in Mozambique in the 2nd quarter

Vale Moçambique saw record production of 3.0 million tonnes of coal in the second quarter of 2017, consisting of 2.0 million tonnes of coking or metallurgical coal and practically 1 million tonnes of thermal coal, Brazilian group Vale reported.

The mining group, in its production report for the second quarter of 2017, reported that production at its Mozambican subsidiary rose 24.8% compared to the first quarter (2.4 million tonnes) and 142.7% compared to the same quarter of 2016 (1.2 million tonnes).

Overall, the Brazilian group produced 91.8 million tonnes of iron ore (with a year-on-year increase of 5.8%), 12.2 million tonnes of pellets (+21.5%), 507,000 tonnes of manganese (-8.2%), 65,900 tonnes of nickel (-16.1%), 102,700 tonnes of copper (-4.4%) and 1.4 million tonnes of cobalt (+7.7%).

The Vale group also produced 105,000 ounces of gold, down 11.0% from a year earlier.

Source: Macauhub


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