The Board of Directors of ICVL had approved to stand guarantee for USD 150 million as capex loan to the beleaguered mine.

CIL was allotted two exploratory blocks covering 224 sq km at Tete province in Mozambique in August 2009.

As part of the drive to ramp up production, Coal India Ltd is assessing the reserves at its twin mines in Mozambique.

Professionals having required qualifications and experience are due to be recruited for its Mozambique operations, through a process of per...

A consortium of Indian state-run firms has bought a bunch of once prized coal mines that changed hands for $3 billion in 2011 for a price o...

The Minister further said that the first stage of drilling of the mines has been completed and the second stage is under progress.

"Recently, Coal India issued work order for further drilling of 30,000 metre of mines in Mozambique," a source close to the development sai...

"We have started to mine in Mozambique & hope that in the next quarter we will dispatch some coal from there," said Naveen Jindal.

JSPL plans to begin production from its coal mines in Mozambique by yr-end, a development which will ensure supply of inputs for the existi...

UltraTech Cement, India's largest cement maker, is in talks to acquire a large limestone mine in Mozambique for about 1,500 crore.

Jindal Steel, India’s biggest producer of the alloy by market value, plans to spend $300 million in developing new and existing mines in Af...

Coal India said it expects to start 5 million tonnes per annum (MTPA) production from two blocks in Mozambique by 2015.

Although the deal size could not be ascertained, a person privy to the development said it could be around Rs 300 crore.

JSW Steel may sell Mozambique coal mine to sister co JSW Energy as the mine has become commercially unviable for it.

Navratna PSU Coal India has bagged mineral concessions for two mining blocks with an estimated coal reserve of about one billion tonne in M...

Leading domestic corporates that have descended on the South-East African country include Reliance Energy, Tata Power Company, Essar Power,...

The Rs 115-cr Gremach deal with Osho Mozambique will give ownership to the coal mines spread over 13,520 hectares in Moatize located close ...