"Coal Moatize Mozambique Moatize mine, scheduled for completion in 2011, has production capacity of 11 million tons of coal per year with an expected 35-year mine life. Production could be 8.5 million tons of metallurgical coal (hard coking coal) and 2.5 million tons of thermal coal.
The mines output will be transported 600 km along the Sena-Beira railroad to a new maritime terminal at the Port of Beira in Sofala province. The terminal will be built under a concession from the Mozambican government. One of the largest coal handling and preparation plants (CHPPs) in the world is being built, with the capacity to process 26 million tons of ROM (run of mine) coal a year. "
RIV Price at posting:
$9.72 Sentiment: Buy Disclosure: Held