JSW Steel, led by billionaire Savitri Jindal, has announced a landmark move to secure raw materials by developing the Minas de Revuboè coking coal mine in Mozambique. With reserves of 850 million tonnes, the project will provide premium hard coking coal critical for steelmaking, reinforcing India’s industrial growth trajectory.
In a powerful statement of intent, JSW Steel confirmed its entry into Mozambique’s Moatize coal basin with the Minas de Revuboè project. This strategic expansion underscores the company’s vision of backward integration and global resource diversification, aimed at reducing India’s reliance on scarce domestic coking coal supplies while fueling its ambitious steel capacity growth.
Strategic Importance
India’s steel industry has long grappled with limited access to premium coking coal, a vital input for blast furnace operations. By securing overseas reserves, JSW Steel not only strengthens its supply chain resilience but also positions itself as a formidable player in the global steel market. The project directly supports JSW’s target of achieving 50 million tonnes per annum (MTPA) steel capacity by 2030, a milestone that will reshape India’s industrial landscape.
Project Details
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The Minas de Revuboè mine, located in Mozambique’s Tete Province, will be developed in phases.
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Phase one is expected to be completed in 2.5 years, producing 2.4 MTPA of prime hard coking coal.
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The mine holds 850 million tonnes of reserves, with potential to yield 250 million tonnes of usable coal.
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The project was inaugurated in Moatize, attended by Mozambique’s President Daniel Francisco Chapo and JSW executives, highlighting India–Mozambique economic cooperation.
Key Highlights
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850 million tonnes of reserves in the Moatize coal basin
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250 million tonnes of usable coking coal potential
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Phase one to deliver 2.4 MTPA within 2.5 years
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Supports JSW Steel’s 50 MTPA expansion target by 2030
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Strengthens India–Mozambique economic ties
Sources: The Financial Express, Moneycontrol, BW Businessworld, CNBC TV18, ScanX News, Autocar Professional