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japanese steel producer nippon steel & sumitomo metal has obtained approval from the mozambique government to begin work on the country's revuboe coal mine development project.
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sydney, march 20 (reuters) is buying rio tinto's hail creek coal mine and the valeria coal project in australia for $1.7 billion, tightening the swiss trading and mining giant's grip on coal as its rivals exit the industry. the acquisition, announced by both companies on tuesday, follows
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the world's largest steelmaker, luxembourg based arcelormittal and japan's nippon steel are reportedly forming a bid to buy essar. they seek to enter the competitive and fast growing indian steel market, where the world's second largest population is rapidly constructing new cities, highways and infrastructure. arcelormittal owns the minorca mine
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nippon steel announced on thursday the firm agreed with zurich based major mining firm, xstrata to develop new mining area of underground operation at bulga thermal coal and semi hard coking coal mine in australia.
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nippon steel bought a 10% stake in the mine from itochu in 2010. in 2016, anglo american sold their 70% share of the foxleigh coal mine to middlemount south,
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