Ncondezi Coal Company Limited, a coal exploration and development company with coal assets in the Tete Province in Mozambique, has announced that it has signed a new rail and port infrastructure agreement with Rio Tinto Coal Mozambique (RTCM), subsidiary of Australian miner Rio Tinto Group, and Mozambique-based coking coal exploration and development company, Minas de Revuboe, as a part of its strategy to export coal from the Ncondezi project.
According to the agreement, Ncondezi will have access to up to 10 million mt per year of rail and port capacity on a proposed rail and port project to be developed in Mozambique. The Rio Tinto subsidiary will lead the feasibility study.
Ncondezi stated that the port to be built will have an annual capacity of 25 million mt, upgradable to 100 million mt. Ncondezi is expecting to start coal production in 2015.