|HELP CMD SHINE A LIGHT ON CORRUPTION!|
Thanks to a $50,000 challenge grant, your gift will be matched 1-to-1, so every dollar you give today will go twice as far!
Indian coal companies with projects in Mozambique
|This article is part of the CoalSwarm coverage of Mozambique and coal|
Faced with historically high coal import prices Indian companies have sought to invest in international coal projects including in Mozambique, Indonesia and Australia.
Indian companies with interests in Mozambican coal projects
An Indian government document from January 2013 lists coal companies with interests in Mozambique as including:
- Coal India Limited has established a wholly owned subsidiary, Coal India Africana Limitada (CIAL). CIAL is currently undertaking a drilling program on two exploration licences in Tete province. The company has suggested that it could begin production in 2016/2017 but this is contingent on the development of export infrastructure.
- Tata Steel is a 35% joint venture partner with Rio Tinto Coal Mozambique in the development of the Benga coal mine, a 5 million tonnes of coal for export via the Sena railway to Beira port.
- In 2012 Essar Energy's website stated that it planned for coal from the company's "captive coal mines in Indonesia and Mozambique" to be used for stages 1 & 2 of its own 3,000MW Salaya power plant in Gujarat, India. Essar's only coal project in Mozambique is the Cambulatsitsi mine.` However, as of June 2013, the company now no longer mentions Mozambique as a supplier for the power station.
- In July 2012 it was reported that the Adani Group was in discussions with NCondezi Coal over a minority shareholding in Mozambique coal assets.
Articles and Resources
- Ministry of External Affairs, "India-Mozambique Relations", January 2013, page 4.
- Essar Energy, "Power", Essar Energy website, archived from July 10, 2011.
- Essar Energy, "Power", Essar Energy website, accessed June 2013.
- "Adani group eyes coal assets in Mozambique for $400 mn: Discussions under way with NCondezi to acquire stake in mine block", Business Standard, July 17, 2012.
Related SourceWatch articles
- India and coal
- Indian coal companies with projects in Mozambique
- Coal India
- Jharkhand Project
- Tata Power
- Tata Ultra Mega