Vale in Mozambique

摘要

Headquartered in Brazil, Vale has interests in over 30 nations on five continents and is the second-largest mining company in the world. It is the leading producer of iron ore and ranks second in nickel, but its interests in Mozambique remain focused on the nation's immense deposits of another kind of black gold: coal. Vale has been in Mozambique for a decade, since winning a 35-year concession to develop the first greenfield project in the mining sector in 2004. In 2006, it finished feasibility studies for a mine in the Moatize Basin in Tete Province. To date. Vale has invested $8 billion in the Minas Moatize Coal Project-its largest project outside Brazil-almost half of which it has sent to market via the Nacala Integrated Logistics Corridor.