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Brazilian, Indian groups report coal performance and plans in Mozambique

East & West

Creamer Media Senior Deputy Editor
Brazilian mining major Vale has reported that its coal business, which is composed almost entirely of its Moatize coal operation in the Tete province of Mozambique, increased its net operating revenues during the third quarter of this year (3Q18) by $69-million in comparison to the second quarter (2Q18). Whereas the revenues for 2Q18 amounted to $356-million, those for 3Q18 came to $425-million. The revenues for the third quarter of last year (3Q17) were $360-million.

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