On May 12, 2017, the opening ceremony for the Mozambique Nacala Corridor rail and port infrastructure project was held at Port of Nacala, in the northeastern part of Mozambique. Mitsui & Co. and Vale S.A., a Brazilian mining company, each own a 50% equity interest in the project.
The ceremony was attended by President of the Republic of Mozambique Felipe Nyusi, Mitsui & Co. EVP Hiroyuki Kato, Vale CEO Murilo Ferreira, and other government officials. The grand celebration was also attended by many other guests, including coal customers.
Through the export of the premium hard coking coal and high calorific thermal coal produced from the Moatize coal mine, which has large coal reserves, we will diversify the supply source of coal assets and contribute to the stable supply of coal.
The Moatize mine already engages in coal production, transport and export. Since beginning in 2016, there have already been over 100 shipments of coal transported from Nacala port using the Nacala Corridor, which has an annual capacity of 18 million tons. Going forward, transportation volume will be increased.
The general cargo transportation business will operate over a wide area, using the Nacala Corridor main line which covers a total of 912km and branch lines which connect nearby countries. This will eliminate the railway and port bottleneck of the Sub-Sahara area and aims to create and strengthen transport capacity with the expectation of strong growth for the area.
Mitsui will contribute to the economic growth of Nacala Corridor area, for which the Japanese government has also expressed support.