Mozambique’s Council of Ministers on Tuesday approved the divestment of Vale in the Moatize coal mine in Tete province, and also in the Nacala Logistic Corridor.
A source from the Ministry of Mineral Resources stated that there are already more than 20 companies interested in buying the company’s shares.
According to the source, there is still no deadline for Vale’s divestment, but all existing labour agreements in the mining company will continue in force during this phase, and the firm’s commitments will be honoured.
