CORPORATE

JSW Steel to develop coking coal mine in Mozambique to secure long-term supply

JSW Steel will develop Minas de RevuboA coking coal mine in Mozambique in phases, a statement from the company has said.
Located in the Moatize coal basin of the Tete Province, Minas de RevuboA has 850 million tonnes (mt) of reserves, and the potential to yield 250 mt of usable coking coal.
JSW Steel has said that it will develop the mine in phases. The first phase is expected to be developed over the next two-and-a-half years to produce 2.4 million tonnes per annum (mtpa) of prime hard coking coal.
The project is a step towards JSW Steel’s backward integration strategy and is expected to provide long-term supply assurance for one of the most critical and cost-intensive inputs in manufacturing of steel.
India’s domestic premium coking coal resources remain limited, making captive overseas sourcing a strategic imperative.
“As we grow to 50-mtpa steel capacity in India by 2030, we hope that this asset will provide strategic and diversified raw material security and cushion JSW Steel against volatile global coking coal prices, while fuelling our sustainable growth vision,” JSW Cement and JSW Paints Managing Director Parth Jindal.

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