COMPANY NEWS

Mining Concession Granted25-Aug-2013

Minas de Revuboè was granted Mining Concession 4064C on 1 April 2013 for its coking..

Office move08-Mar-2013

We have moved! Our office is now located at: Rua Beijo da Mulata (n. 276) Maputo, M..

Mozambique's Transport Minister visits Kimitsu Works07-Feb-2013

On 5 February 2013, Paulo Francisco Zucula, Minister of Transportation and Communication of..

POSCO visit to Tete28-Nov-2012

Representatives from Minas de Revuboè’s shareholder, POSCO, travelled to Tete to vi..

3rd Coaltrans Mozambique26-Nov-2012

Nippon Steel & Sumitomo Metal Corporation at the 3rd Coaltrans Yasushi A..

Approval of the EIA 04-Oct-2012

On 4 September 2012, Minas de Revuboè received approval from the Ministry for the Coordin..

International Children's Day13-Jun-2012

In Mozambique, International Children’s Day is celebrated on 1 June. In Tete we helped cel..

MME Conference 201213-Jun-2012

Minas de Revuboè was proud to participate at the Mozambique Mining and Energy Conference ..

Presidential Visit to Tete17-May-2012

Minas de Revuboè was pleased to be involved in the visit to Tete Province by his Excellen..

Mozambique Coal Conference 201112-Jul-2011

Revuboè was well represented at the recent IMM Coal Conference in Maputo by the company's own..

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Mozambique Coal

The size of the global metallurgical coal market is approximately 800 Mt of which ~180Mt is seaborne trade. Australia dominates this market, supplying ~110 Mt in 2010.

Substantial future growth in global supply is expected to come from Mozambique. The north-western province of Tete has recently been found to hold one of the world's most significant coal reserves. Strategically located in close proximity to key growth markets India, Brazil and China, Mozambique is attracting serious interest from the major coking coal producers.

There is a general expectation of relatively higher prices as developing economies increase steelmaking, driving demand growth in a market already stretched with supply-side constraints.

Moatize Basin

The majority of Mozambique’s coal resources are located in the Tete Province, with the remainder in the Manica and Niassa provinces. The coal resources exist within three basins: Moatize; Lower Zambezi; and Mucanha-Vusi.

Coal deposits have now been confirmed in the districts of Changara, Cahora Bassa, and Magoe areas within the Tete province, as a result of recent exploration activity.

Major companies with mining concessions at this time include Vale and Rio Tinto. Both mines are within the Moatize Basin, located either side of the Revuboè project. See Project Details for more.