Coal India to relinquish 75 pct area of Mozambique coal blocks in Tete Province

china-coal

(2015-07-07) Coal India Coal India is reportedly planning to relinquish 75% of the area in the two coal blocks it had acquired in Mozambique about six years ago.

The move comes as local government’s decision to increase charges of holding the blocks.

Coal India had won a five-year licence for exploration and development of A1 and A2 blocks in Mozambique’s north-western province of Tete six years ago.

In a board meeting it was decided that foreign subsidiary of Coal India, Coal India Africana Ltd, will about keep 54 sq km of the 205 sq km blocks that it had earlier acquired.

Source: IIFL / India Info Online

Gal Despachos Aduaneiros en Maputo  |  Clearing Agent in Mozambique | Top Website | http://www.galclearing.com
The Leader in Oil & Gas Industry Mozambique |  Hydrocarbon Logistics Centre |  The Pemba Logistics Base |  Nigerian company Orlean Invest  |  Portos de Cabo Delgado (PCD) | Top News Website

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s