Published On:June 19 2014
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Coal India looking at buying majority stake in railway project in Mozambique.
State-run Coal India is looking at the possibility of taking majority stake in a railway project in Mozambique, which will help the world's biggest coal miner transport coal from its mines to the nearest port.
Although there is a railway link between the proposed Coal India (CIL) mines in Mozambique and the nearest port, frequent rake derailments have raised concerns over its stability. The line connects central Mozambican Port of Beira along the Sena railway. The Sena line runs for 575 km from the inland City of Tete (in the province of the same name; Moatize is near by) to Beira.
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