JSW Steel Acquires Stake in Mozambique Coal Mine to Secure Coking Coal for India Expansion

JSW Steel to Develop Minas de Revuboé Coking Coal Mine in Mozambique

JSW Steel, a leading steel manufacturer, will develop the Minas de Revuboé coking coal mine in Mozambique in phases. The mine, located in the Moatize coal basin of the Tete Province, has an estimated 850 million tonnes of reserves and the potential to yield 250 million tonnes of usable coking coal.

The mine will be developed in phases, with the first phase expected to be completed over the next 2.5 years. During this phase, the mine is projected to produce 2.4 million tonnes per annum (MTPA) of prime hard coking coal. This project is a key component of JSW Steel's backward integration strategy, which aims to secure long-term supply assurance for a critical input in steel manufacturing.

India's domestic premium coking coal resources are limited, making captive overseas sourcing a strategic imperative. The development of the Minas de Revuboé mine is expected to provide JSW Steel with strategic and diversified raw material security, cushioning the company against volatile global coking coal prices and fueling its sustainable growth vision.

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Key Highlights:

• 850 million tonnes of coal reserves
• 250 million tonnes of usable coking coal potential
• 2.5 years for first phase development
• 2.4 million tonnes per annum (MTPA) of prime hard coking coal production
• 50 MTPA steel capacity in India by 2030