top of page
Search

JSW Steel's Mozambique Coal Acquisition Back on Track

  • Writer: Met Coal Junkie
    Met Coal Junkie
  • Jun 1
  • 1 min read

JSW Steel Ltd.'s $74 million acquisition of the Minas de Revuboe (MdR) coal deposit in Mozambique is progressing after the concession rights were reinstated to the seller. The deal had stalled when the previous Mozambican administration revoked MdR's mining lease, prompting legal action. Under President Daniel Chapo, the government reversed this decision in April 2025, restoring the license to MdR, owned by the estate of the late Australian mining magnate Ken Talbot. JSW, led by Sajjan Jindal, aims to secure up to 280 million tons of premium coking coal through this acquisition, bolstering its global mining assets to support steel production.

Comments

Join for free and never miss any updates

Responsibility Waiver

The information provided herein is for general informational purposes only and is not guaranteed to be accurate, complete, or up-to-date. The content has not been independently verified and may include errors or omissions.

By using this information, you acknowledge and agree that:

  1. No Liability: The provider of this information is not liable for any inaccuracies, errors, or omissions, nor for any decisions or actions taken based on the content.

  2. No Warranty: There is no warranty, express or implied, regarding the reliability, validity, or completeness of the information.

  3. User Responsibility: It is your responsibility to independently verify the information before relying on it for any purpose.

​

Use of this information is at your own risk, and the provider assumes no responsibility for any consequences arising from its use.

​

Email: metcoaljunkie@gmail.com

bottom of page