Apex-Iron

Orion Shipholdings sold her for 5,5 Mio. $ to middle eastern buyers

The first shipment of coal from the Moatize coal mines in Tete Province was due to be shipped from Beira port on Sep 14, 2011. The batch of 35,000 tonnes of thermal coal was transported along the 575-km long Sena Railway, the first time in 28 years that such a cargo has been carried on the Sena- Beira railway. The coal was loaded into the "Orion Express" whose departure from the port marks the end of the first phase of the implementation of Vale’s Moatize Coal Mine, in which Vale has invested US$1.658 billion. Between 5,000 and 6,000 tons of coal was loaded each day using trucks and barges. This method of loading has been necessary owing to the delay in refurbishment of the old bulk minerals facility at berth 8, which is being funded by Vale and Riversdale and will be operated by Cornelder. On completion of the refurbishment which is scheduled for November, a conveyor belt will come into operation and is likely to speed up the loading of coal into the ships.