12 °c
London
Wednesday, June 29, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Coal

Vale’s Q2 thermal coal output falls 53% on year; Mozambique mine halted

Club of Mozambique by Club of Mozambique
July 23, 2020
in Coal, Coronavirus, Energy, Mining, Mozambique, Natural Resources
Reading Time: 1 min read
861 36
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail
  • Mozambique Moatize production halted in June

  • Three-month maintenance plan postponed

Brazilian mining giant Vale’s second-quarter thermal coal production slumped 53% on the year to 585,000 mt as seaborne thermal coal demand was slashed by the coronavirus pandemic, the company said July 21.

Thermal coal sales in the same period dropped 18% to MZN 868,000 mt.

Vale, which holds an 80.75% stake in the Moatize coal project in Mozambique, cut production back at Moatize, starting in April because of “demand constraints” and suspended it in June.

As the demand was relentlessly knocked, stocks at mines and ports swelled until they reached full capacity. Production loss of around 1 million mt was detailed in Q2.

Also read: Watch: Ncondezi Energy delays flagship Mozambique coal power project

The report said that while the current market conditions continued, additional temporary measures might be taken, meaning it was not possible to provide new coal production guidance for 2020.

Vale have also decided to postpone a three-month maintenance plan revamp, making it impossible to achieve a sustainable ramp-up of the operation by the end of 2020.

“Vale is ready to start the necessary revamp as soon as it can guarantee the inbound logistics of equipment and materials to the site, as well as ensure the required safety levels to its employees,” the company said.

Source: S&P Global Platts via Club of Mozambique

Related

Tags: Coal MineMiningMoatize coal mineMozambiquethermal coalVale MozambiqueVale SAVale’s Q2 thermal coal output falls 53% on year; Mozambique mine haltedмозамбикموزمبيقモザンビーク莫桑比克
ScanSendShare359Tweet224Share63Pin81Send
Club of Mozambique

Club of Mozambique

'Club of Mozambique is an online gateway to Mozambique, offering up-to-date information and news relating to business, politics and other economic activities in Mozambique.

Related Posts

S&P Analysis: New African refining projects to cap continent’s crude exports
Energy

Angola joins the EITI as Africa’s 28th member

by Energy Capital & Power
June 29, 2022
Egypt: AfDB approves loan for 200 MW Solar Plant
Energy

New solar project to expand electricity access in Chad

by Energy Capital & Power
June 27, 2022
Energy

TechnipFMC awarded Angola offshore subsea contract

by Energy Capital & Power
June 27, 2022
Energy

Total renewables & gas – the way to Mozambique’s new electricity demand

by Fabio Scala
June 27, 2022
Economy

World Bank forecast Mozambique average growth at 5.7% in 2022-2024

by FurtherAfrica
June 26, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Business

Qatar investors acquire Rwanda Umubano hotel

by Taarifa Rwanda
June 29, 2022
0

Rwanda has handed over the former Umubano hotel to Kasada, a leading independent investment platform dedicated to hospitality investments in...

Read more
Angola Capital Markets Commission analyses privatisations through stock exchange

Nairobi Stock Exchange Africa’s 3rd poorest performer

June 29, 2022
FurtherAfrica join forces to promote ATIGS Dubai 2020

Theorems Groups – Sarko Partners join forces to enter SADC

June 29, 2022
Banks using US$ should think about their Crypto exposure – FinCEN Director

Cryptocurrency offers hope for Africa’s economic resurgence

June 29, 2022
The tripartite network theory in the gold mining industry: a lesson for Africa

Ethiopia’s gold export generated US$513.9M in 11-month

June 29, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?