More coal investments planned for Mozambique as Maputo seeks to promote local use

Indian State-owned company International Coal Ventures Limited (ICVL), which recently acquired the assets of Rio Tinto Coal Mozambique (RTCM), reportedly for $50-million, has announced that it intends to invest $500-million over the next three years in logistical infrastructure in Mozambique. So reports the Maputo newspaper O País, citing an unnamed senior official in the company. These assets are centred on the Benga coal mine in Tete province.