| Coal
Projects, Mozambique
17.96% equity interest
Mozambi Coal Limited (“Mozambi”), a coal exploration
company focused on the exploration and development of its
tenements in the Zambeze Coal Basin in Mozambique has three
high value mineral exploration projects spanning 609 square
kilometres in the Zambeze Coal Basin in the Tete Province
of Mozambique. The Zambeze Coal Basin is an emerging and highly
prospective coal region that is within economic reach of the
East African coast. Globally significant resource companies
have undertaken coal exploration and development projects
directly adjacent and nearby to Mozambi Coal’s licenses,
including Rio Tinto, Vale, Jindal Steel and ENRC.
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