Nippon Steel Output Plan In 2014

The Steelmaker Nippon Steel Corp expects to start producing coking coal in Mozambique in 2014.

       

The project will be able to produce 5 million tonnes in large annually,

marks Nippon Steel's first coal development outside Australia and Canada as it looks to diversify its sources of the steel-making commodity.   

       

Nippon Steel jointly owns the Revuboe project with Australia's Talbot group and South Korea's POSCO . Asia's steelmakers rely on Australia for the majority of their coking coal needs, and were faced with tight supply early this year after devastating flood