Large coal mine available for sale in Moatz Coal district in Mozambique. Good quality coking coal & boiler grade coal available over 880 Ha of land. Reputed firms are having licence to mine coal in adjacent areas. Estimated deposit of 173 million tons of coal at 2.3 meters to 23 meters depth. Current owners want to exit business.
The location of the coal mine is in Mozambique.
Licence for 880 Ha of Land with coal deposit of 173 million tons. Annual quantity estimated to be produced is 900,000 MT. Good domestic & global demand for the coal. Vale & ETA star are mining in the adjacent plots. Good quality of coal available and 9 holes have been drilled and coal is available at 2.3 meters to 23 meters depth.
Commercial mining can be commenced and potential to produce 900,000 MT of coal. Low acquisition cost and healthy investment environment in the country. The licence requires being renewed beyond 2012 from the government. Good business prospect, ROI can be realised within first year of operation.
Please contact us ASAP on Merar.