Essar, Mozambique Agree to Build Iron Ore Terminal at Beira
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Essar Group, with interests from steel to communications, said it’s agreed to build a 20 million metric ton a year iron ore terminal in Mozambique amid surging demand for the steelmaking ingredient from China and India.
The terminal, at Beira in central Mozambique, will ship surplus output from the company’s Mwanezi and Ripple Creek mines in neighboring Zimbabwe, Firdhose Coovadia, resident director for the Middle East and Africa, said at the Africa Iron Ore Conference in Cape Town today.