The Revuboe Coal Mine Development Project (hereinafter referred to as “the Revuboe Project”), in which Nippon Steel & Sumitomo Metal Corporation (chairman & CEO; Shoji Muneoka; hereinafter referred to as “NSSMC”) and Nippon Steel Trading Co., Ltd. (President: Tetsuo Imakubo; hereinafter referred to as “NST”) together hold a 33.3% interest, has obtained the mining concession needed for the development of the Revuboe Project from the government of Republic of Mozambique on April 3, 2013.
Undertaking to explore inferred coal reserves in Tete Province in the Republic of Mozambique, the Revuboe Project has already identified deposits of high-quality coking coal on a scale large enough to permit open-cut mining.
As can be seen from the many coal mining projects already active in the surrounding areas of the Revuboe Project, the coal reserves in Mozambique, being of such a good quality and available economically, are of great rarity amid the harsh environment regarding coking coal resources worldwide.
Now granted the mining concession, the Revuboe Project has become a new, sure source, which, by our accelerated efforts toward efficient extraction, would supply requirements to us for a long period, further strengthening our stable procurement base in the future.
Her Excellency Ms. Bias, Minister, Ministry of Mineral Resources
Mr. Denis Wood, Director, Talbot Group Investment（Chairman of the Board of Directors of Minas de Revuboe Limitada）
Mr. Yasushi Aoki, General Manager, Raw Materials Division I, Nippon Steel & Sumitomo Metal Corporation