Coal India Limited (CIL) plans to export 10-million ton of coal from Mozambique to India over the next 10 years.
The world’s largest coal producer has been awarded two coal acreages with estimated 1- billion-ton reserves of coking and thermal coal, from the Maotize region in Mozambique. The two mining concession blocks measures 225 square kilometres (87 square miles).
CIL, who is based in Kolkata, wants to secure rights to a further five exploration blocks to meet the demand of the Asian country’s 8-million-ton coal deficit, according to Narinder Khurana, a director of CIL.
Khurana said “We will export coal to India through the port of Beira and perhaps after 25 years we can use Nacala port”, as cited by Bloomberg.
It has been reported that CIL has to form a joint venture assigned by the Mozambican government and the government has requested CIL to open a national office in the capital Maputo to train manpower.
CIL reportedly won the two coal blocks against nine other bidders, of which the UK and China were disqualified. Three other bids each from Portugal and Mozambique and 4 from India where part of the bidding contracts.