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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.

Andrea Hayward
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$122.8 million for the concession, considered the largest...

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