LILONGWE – Malawi has signed a $1-billion deal with Brazil's Vale (Homepage) for the construction and rehabilitation of a rail line that will transport 18-million ton of coal from Mozambique, government officials said on Wednesday.
Vale Logistics, a subsidiary of mining giant Vale, will build a new 138.5 km (86 mile) line from Chikhwawa in the south, to meet an existing line at Balaka. It will also rehabilitate 98.6 km of the existing link between Nkaya to Nayuchi. Read more here...
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