A giant coal stacker has collapsed at the Port of Nacala in Mozambique, thwarting efforts by Brazilian miner Vale to start coal shipments this quarter.
And this adds to the logistical problems already faced by Vale, mostly stemming from the slow progress of development of the new Nacala Corridor port and railway link restraining production at its Moatize coal mine in northwest Mozambique.
Vale expected the mine’s production to reach 11 million tonnes of coal per year by mid-2016 and 22mt by 2017. Current output is around 7mt.
Port accident deals blow to Vale
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