CVRD wins Mozambique coal

CVRD has come up trumps in its bid to win a massive coal concession in Mozambique, with the big Brazilian expected to invest US$1 billion in its first major foray as a coal miner.

CVRD wins Mozambique coal CVRD wins Mozambique coal CVRD wins Mozambique coal CVRD wins Mozambique coal CVRD wins Mozambique coal

CVRD teamed up with North American coal producer American Metals and Coal International, which has a 5% interest in the consortium bid, to pay US$122.

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