Tete (Mozambique), 12 Jul (AIM) - Vale-Mozambique, the local subsidiary of the Brazilian mining giant Vale, intends to expand its open cast coal in Moatize district, in the western province of Tete. The coal is transported from the mine to the port at Nacala-a-Velha via the Nacala Logistics Corridor. This feature only allows the sharing, via email, with one person. Beacon Hill has been managing the Minas Moatize coal mine since May 2010. This includes putting safety humps on the roads near schools and railways to avoid accidents.AllAfrica publishes around 800 reports a day from more than Articles and commentaries that identify allAfrica.com as the publisher are One of our biggest challenges in this country is logistics. The statement on impairments in the base metals and coal segments said that Moatize mine operations will undergo maintenance in 2020 for a period of three months, while a new operating model will be applied to increase productivity and yield.The group, which mines coal through its own operations or partnerships in Australia, China and Mozambique, has announced impairments in this segment of US$1.6 billion, which will be recorded in the accounts for the fourth quarter of 2019.“Vale has identified that its expectation of metallurgical and thermal coal income has changed since the project’s conception, mainly due to technical problems,” the statement said, adding that the production plan has been revised, as well as the price scenarios for metallurgical and thermal coal used in the valuations.The group also identified impairments of US$1.6 billion in the base metals segment, more than half of about US$3.0 billion in assets, due to problems related to the production and processing of ore from operations in New Caledonia.Impairments occur when the actual value of an enterprise’s asset is less than the amount recorded in its accounts and impairment losses should then be recorded.Enter your email address to subscribe to FurtherAfrica and receive notifications of new posts by email. It acquired the mine from the former owners Borneo Mining / AMCI for $35m and converted the underground operations to an open-pit operation. Vale, a multinational mining company based in Brazil, has “one-third of its operations” in Moatize at a standstill, t The mine is owned and operated by Beacon Hill Resources (BHR), through its subsidiary BHR Mining. In Mozambique, Vale operates the Moatize Coal Project in Moatize - Tete province. Govt Acknowledges Islamic Insurgency in Mozambique Could Threaten Areas With Gas Exploration SitesTPDF to Launch a Manhunt Along the Border With MozambiqueExplosive Compound That Decimated Beirut Was Meant for MozambiqueAfreximbank Commits U.S.$400 Million To LNG ProjectMozambique Insurgency - Pressure Grows in South Africa for InterventionSemi-Official Think-Tank Says Govt Must Use Mercenaries500 Malawian Returnees From SA Arrive, As Mozambique Deports 45 MalawiansZimtrade Promotes Export Opportunities in MozambiqueDespite Pact, Prospects for Peace Still Uncertain in MozambiqueIs South Africa Considering Military Intervention in Mozambique?France, U.S. May Intervene As Mozambique Insurgency IntensifiesMozambique Gas Investors Choose Appeasement in Face of Insurgency'Many Dead' in Militant Attack on Mozambique's Mocimboa da PraiaDemobilisation of Renamo Members Resumes in MozambiqueInsurgents Create 'No-Man's-Land' in Northern MozambiquePolice Officers on Trial for Murder of Mozambique Poll ObserverMaximise Planting of Mangroves, Urges Deputy MinisterHealth Authorities Announce 26 More Coronavirus CasesSociety Has Collective Responsibility for EnvironmentMontepuez Ruby Mining Delays Investment Due to Covid-19 PandemicProduce Food, and Fight Covid-19, Says Manica GovernorPolice Accused of Collaborating With Illegal MinersUganda: Kampala-Entebbe Expressway, World's Most Expensive Road?Is South Africa Considering Military Intervention in Mozambique?Ex-Minister Charged with Graft Singles Out Nigeria's Yahoo Boys(International Consortium of Investigative Journalists) Come and be part of our history!This is the section for those who want to invest in Vale or are already our shareholdersArea with news and latest information for journalists Learn about Vale's initiatives to incorporate sustainability into its businessWe are the world's largest producer of iron ore and nickel, and we also operate in other mineral areas.
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