Indian Steel Tycoon’s Pathway to Mozambique Coal Deal Reopens

Indian Steel Tycoon’s Pathway to Mozambique Coal Deal Reopens

India’s largest steelmaker can proceed with the acquisition of a coal deposit in Mozambique after the seller recovered the concession rights from the country’s new government.

JSW Steel's Pathway To Mozambique Coal Deal Reopens

India’s largest steelmaker can proceed with the acquisition of a coal deposit in Mozambique after the seller recovered the concession rights from the country’s new government.JSW Steel Ltd.’s $74 million deal to buy Minas de Revuboe — announced a year ago — ran into trouble when the administration of then-President Filipe Jacinto Nyusi revoked the local company’s mining lease. MdR responded by initiating legal and arbitration proceedings to rega…