Tag: Mozambique coal project

Mining & Resources

Transport issues kill Rio’s Mozambique dream

Rio Tinto has fessed up, acknowledging for the first time yesterday it is selling its Mozambican coal assets for the bargain-basement price of $50m. Rio’s planned exit from Mozambique was first flagged by Inside Coal in December so the only real surprise was the price. As one industry observer remarked: “$50m is less than salvage…

6 Aug 2014, by Test Test