Vale is most commonly linked with iron ore and other raw materials from Brazil. But in recent times it has become involved with what might be described as'foreign adventures'. One such adventure is the Moatize coal project in Mozambique, where the company estimates an investment of $1.3Bn is required. Production is expected to start next year. Both thermal and coking coal will be produced and fed into the ports of Nacala and Beira by a 900km rail link. Plans are under way to develop the large natural harbour of Nacala to handle very large bulkers.
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