Riversdale, Tata Steel to invest in Mozambique coal project

Tata Steel and Australian company Riversdale Mining are planning an investment of Rs 1,279 crore ($270 mn) to undertake the initial phase-one development of the Benga Coal project in Tete province of Mozambique. Tata Steel and Riversdale have formed a 35:65 joint venture company Benga Coal Project for developing the coal field. Construction is expected to begin before year end upon receipt of final environmental approvals. The first stage of the project entails production of 5.3 mn ROM (recycled organic material) tonne a year to produce about 1.7 mtpa of high quality hard coking coal and 0.3 mtpa of export thermal coal. Contact: Tata Steel. Tel: 022- 6665 8282. Fax: 022- 6665 8113. Website: www.tatasteel.com