Nature forced Vale to declare force majeure for the supply of coking coals from mosambic

On February 15, 2013, Vale declared force majeure according to its contracts for the supply of coking coal from mosambic. According to preliminary data, losses from heavy rains made a railway message in the country impossible, will be about 250 thousand tons of metallurgical coke.

“We are in constant contact with our clients and discuss the consequences of previously reached agreements with them,” said Vale. "A large number of precipitation of those who fell out in February 2013 and the ongoing showers created serious problems in the directions of linch and hay, practically blocking the transportation of our products."

The owner of the railway tracks, CFM, takes all the necessary measures to restore the railway traffic and expects that the position with the delivery of goods is normalized by the end of this month.

Recall that another Rio Tinto coal mining company recorded 3 billion losses on its assets in Mozambique, also due to infrastructure restrictions.

In addition to the reconstruction of the railway track to hay and linch, four new railway and port projects are planned in Mozambique, which together will be able to increase the annual volume of coal exports by more than 120 million tons, but the implementation of these projects will most likely take more than ten years.