Upgrade for Ncondezi reserves

摘要

Following on from Vale and Riversdale, JSfcondezi Coal looks set to become the third biggest coal exporter in Mozambique. The company has increased its reserves estimate on the Ncondezi project in Tete Province by a massive 250% to 4.655 bt. The firm has also revealed that it will complete its final feasibility study on the project by the third quarter of this year. Ncondezi Coal chief executive Graham Mascall said that the in- creased resource estimates represented a significant development for the Ncondezi Project.