Vale lifts force majeure in Mozambique but 500,000 mt impacted

Friday, 22 March 2013 01:12:08 (GMT+3)   |   San Diego
       

On Wednesday, Brazil's Vale lifted the force majeure on a number of its coal sales contracts in Mozambique. On February 15, 2013, Vale declared force majeure following heavy rainfall since early February in Tete, Mozambique, creating serious challenges to the Linha do Sena railway, thus impacting shipments of metallurgical coal at approximately 500,000 metric tons.

At the time of the original announcement, SteelOrbis reported that Vale's initial estimate indicated a loss of approximately 250,000 mt of metallurgical coal shipments.


 


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