• Bloomberg


Nippon Steel Corp. wants to invest in Cia. Vale do Rio Doce’s $1.4 billion planned coal mine in Mozambique to provide raw materials as costs rise.

Nippon Steel told Brazil’s Vale, the world’s biggest iron ore exporter, that it is interested in the mine, said Shoji Muneoka, who became president last month. Coking coal prices tripled this year to a record.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.