#Latest news with #FilipeNyusiBloomberg26-05-2025BusinessBloombergIndian Steel Tycoon's Pathway to Mozambique Coal Deal ReopensIndia's largest steelmaker can proceed with the acquisition of a coal deposit in Mozambique after the seller recovered the concession rights from the country's new government. JSW Steel Ltd. 's $74 million deal to buy Minas de Revuboe — announced a year ago — ran into trouble when the administration of then-President Filipe Jacinto Nyusi revoked the local company's mining lease. MdR responded by initiating legal and arbitration proceedings to regain the license.
Bloomberg26-05-2025BusinessBloombergIndian Steel Tycoon's Pathway to Mozambique Coal Deal ReopensIndia's largest steelmaker can proceed with the acquisition of a coal deposit in Mozambique after the seller recovered the concession rights from the country's new government. JSW Steel Ltd. 's $74 million deal to buy Minas de Revuboe — announced a year ago — ran into trouble when the administration of then-President Filipe Jacinto Nyusi revoked the local company's mining lease. MdR responded by initiating legal and arbitration proceedings to regain the license.
26-05-2025
