Vale Mining, the world’s largest

[Clint]

Vale Mining, the world’s largest iron ore producer has pledged to help develop the Port of Nacala to enhance mining activities in Zambia, Mozambique and the Democratic Republic of Congo, reports the Steel Guru.

Vale in a joint venture project with African Rainbow Minerals (ARM) last week launched the US$ 400 million Konkola North Copper Project in Chililabombwe in the first phase which runs up to 2014.

The Brazilian mining giant operates in 35 countries and recently began operations in Mozambique, Zambia and the Democratic Republic of Congo, among other African countries. Vale is developing the Moatize coal mine in Mozambique’s Tete Province, which is destined to become the Port of Nacala’s biggest customer.

Mr Patrice Motsepe executive chairperson of ARM and Mr Roger Agnelli CEO of Vale attended the launch.<> Vale executive director, exploration, energy and projects Eduardo Ledsham said that in the second phase of the project in Zambia, his organization was planning to help develop the Port of Nacala in Mozambique.

Nacala is the deepest port in the Southern Africa region and is one of the most northerly ports in Mozambique with a natural deep harbour.

Mr Ledsham said feasibility studies on the development of Nacala were being done although he could not state how much would be required for the project. He added that “In the second phase of our expansion project we are looking at the Nacala Port. Nacala is an alternative route for Zambia, Mozambique and the Congo and that is the more reason we will be looking at developing it.”

He added that “If you have connection with the three countries, then you know your investment is worth it. We have already started the feasibility studies.”

http://www.dredgingtoday.com/2010/10/21 ... -unveiled/