Coal mine and washing plant

Objective

To mine Recoverable Reserves of 954 Million tonnes of coal.

Description

The mine produces metallurgical and thermal coal mine. Vale won the tender for exploration rights over the Moatize deposit in November 2004.[4] In its 2009 annual report, Vale states that it has 1,087 million tonnes of coal resources (both proven and probable) across all its mines and projects. Of that total, 954 million are in the Moatize mine. The company states that the projected depletion date of the project is 2046.

Finance