Nacala investment package complete

The first heavy haul coal trains began operation over the Nacala Corridor in 2015 and the line was formally inaugurated in May this year.

MOZAMBIQUE: Brazilian mining and steel group Vale has signed binding financial contracts which complete the investment structure for the Nacala Logistics Corridor. Announced on November 27, the deal covers US$1·03bn from Japan Bank for International Co-operation, a US$1bn loan insured by Nippon Export & Investment Insurance and a US$400m loan ...

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