JSW Steel Wins Rights to Develop Coking Coal Mine in Mozambique

JSW Steel Ltd., India’s biggest steelmaker by capacity, won rights to develop a coal mine in Mozambique’s Tete province, securing access to a key raw material used in steel manufacturing.

The company’s Minas de Revuboe project in Mozambique’s Moatize coal basin holds about 850 million tons of reserves and could produce 250 million tons of saleable coal used in steelmaking, JSW Steel said in a statement late Friday.