Mozambique’s coal mines shed hundreds of workers as prices slump
Coal sales, which are Mozambique’s biggest export, were worth $2 billion last year, according to data from the country’s central bank.
Japan’s Itochu Corp. (TYO:8001) and Sumitomo Corp. (TYO:8053) are looking to sell a combined 45% interest in the NCA Project coal venture operated by Glencore Plc (LON:GLEN) in Australia. According to The Wall Street Journal, Itochu has hired JP Morgan...
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