JSW Steel can now proceed with acquiring a Mozambique coal deposit after the seller, Minas de Revuboe (MdR), regained concession rights previously revoked by the government. The $74 million deal faced uncertainty when MdR’s mining lease was canceled, but the recent restoration paves the way for JSW to access 280 million tons of premium coking coal.
Indian steel tycoon’s pathway to $74 million Mozambique coal deal reopens
