[miningmx.com] – THE Indian consortium that bought Rio Tinto’s coking and thermal coal assets in Mozambique for $50m is considering building a power plant in the southern African country, said Bloomberg News.
The coal-fired facility would be developed “very soon,’ Ajay Mathur, CEO of International Coal Ventures (ICVL) told the newswire service. He did not give details of the size of the planned power station, but said it would use “some of the thermal coal and waste product to generate power locally’.
The assets bought by ICVL include the Benga coal mine. Rio Tinto bought the mine and several other projects for just over $4bn in 2011.
Click here to read the full article
