Mozambique: Heavy Costs for Cfm in Vale's Switch Away From Beira

Maputo — The decision by the Brazilian mining company Vale to stop using the Sena railway line from its mine in Moatize, in Tete province, to the port of Beira, is costing the Mozambican publicly owned port and rail company, CFM, 45 million US dollars a year, according to the executive director of the central division of CFM (CFM-Centro), Augusto Abudo, cited by Radio Mozambique.

Vale has switched all its coal exports to the northern port of Nacala-a-Velha. This was only to be expected since Vale largely paid for the new railway from Moatize to Nacala-a-Velha, across southern Malawi, and for the new Nacala coal terminal.

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