Deal #4762

Location #1

Spatial accuracy level
Administrative region
Location
Minjova, Mozambique

Target country
Mozambique
Comment on location
Rio Minjova Area situated at the eastern end of the Moatize-Minjova sub-basin in the Tete Province of Mozambique.

Land area

Intended size (in ha)
49360.0
Size under contract (leased or purchased area, in ha)
[2007] 49360
Comment on land area
Another source states 45000hectares.

Intention of investment

Intention of investment
Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
[2007] Concluded (Contract signed)
Comment on negotiation status
Mining License 834L.

Contract farming

Contract farming
No

Operating company

Comment on investment chain
ArcelorMittal paid US$2.5 million for the 35% stake. ArcelorMittal has an earn-in option to become the majority shareholder in the joint venture company, subject to a further payment of US$2.5 million and the confirmation of proven and probable coking coal reserves.

 

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Data source #1

Data source type
Company sources
File
Comment on data source
ArcelorMittal announces joint venture coal mining project in Mozambique

Data source #2

Data source type
Media report
File
Date
2007-11-21
Comment on data source
Mining Weekly -- ArcelorMittal in Mozambique coal JV

Data source #3

Data source type
Media report
File
Date
2008-03-21
Comment on data source
The Economic Times -- GSHL signs up iron ore, coal mining leases in 3 countries

Data source #4

Data source type
Media report
File
Date
2008-02-13
Comment on data source
Steel Orbis -- Global Steel acquires coal mining license in Mozambique

Detailed crop, animal and mineral information

Resources area
Coal

March 10, 2020, 2:09 p.m.

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Jan. 24, 2017, 3:30 p.m.

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Sept. 17, 2015, 8:25 p.m.

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