In a major development for the global steel industry, JSW Steel has announced the launch of the Minas de Revuboè (MdR) coking coal mining project in Mozambique.

The announcement was made during a formal ceremony held in Moatize, marking a significant step in the company’s global raw material strategy and strengthening economic ties between India and Mozambique.

The project aims to secure premium hard coking coal, a critical raw material required for steel manufacturing.

Major Mining Project in Mozambique

The Minas de Revuboè (MdR) project is located in the Moatize Coal Basin in Tete Province.

According to the company, the mining asset contains approximately 850 million tonnes of coal reserves, with the potential to produce around 250 million tonnes of usable coking coal.

The project will be developed in phases, with the first phase expected to take around 2.5 years, targeting production of 2.4 million tonnes per annum (MTPA) of prime hard coking coal.

This development will help the company secure long-term access to high-quality coking coal, which remains scarce in India.

Strategic Importance for JSW Steel

For JSW Steel, the Mozambique project represents a transformative step toward backward integration, allowing the company to control a crucial raw material source.

India has limited domestic reserves of premium coking coal, making overseas mining assets essential for steelmakers.

By developing the MdR project, the company aims to:

• Ensure long-term raw material security

• Reduce dependence on volatile global coal markets

• Improve cost efficiency in steel production

The project is expected to protect the company from fluctuations in international coking coal prices.

Strategic Location for Global Supply

The Minas de Revuboè mine is strategically located close to major export infrastructure.

The site lies:

• About 10 km north of Tete

• Approximately 450 km from Beira Port

• Around 900 km from Nacala Port

This geographical advantage allows efficient transport of coal to Indian steel plants, making it one of the most favourably located coking coal assets for India’s steel sector.

Ceremony Attended by Government Leaders

The project announcement ceremony was presided over by Daniel Francisco Chapo, President of Mozambique.

Senior dignitaries present at the event included:

• Parth Jindal, representing the JSW Group

• Robert Shetkington, Indian High Commissioner to Mozambique

• Several government officials and industry leaders

President Daniel Francisco Chapo welcomed the investment, stating that the presence of a global steel company like JSW Steel will help Mozambique develop a world-class mining asset and strengthen international investor confidence.

Statement from JSW Group

Speaking at the event, Parth Jindal described the project as a major milestone in the company’s growth journey.

He highlighted that securing premium coking coal reserves in Africa will support JSW Steel’s expansion plans to reach 50 million tonnes per annum (MTPA) steel production capacity in India by 2030.

According to him, the mining asset will also help diversify the company’s raw material sources and protect it from price volatility in global markets.

Sustainability and Environmental Goals

Apart from economic benefits, the project is also expected to support sustainability goals in steel production.

High-quality coking coal from the MdR project can help improve efficiency in steelmaking processes, which in turn can reduce carbon emission intensity.

JSW Steel has committed to ambitious climate targets, including:

• Reducing carbon emissions by 42% by 2030

• Achieving net-zero emissions by 2050

• Transitioning to 100% renewable energy for steelmaking operations by 2030

These goals align with Paris Climate Agreement commitments.

About JSW Steel

JSW Steel is the flagship company of the JSW Group, a diversified business conglomerate with interests in sectors such as:

• Energy

• Infrastructure

• Cement

• Paints

• Real estate

• Defence

• Mobility

The company currently has a consolidated crude steel capacity of 35.7 MTPA, including operations in the United States.

Its largest manufacturing facility is located in Vijayanagar, which is India’s largest single-location steel manufacturing plant with a capacity of 17.5 MTPA.

Global Recognition and Sustainability Leadership

Over the years, JSW Steel has received multiple global recognitions for sustainability and operational excellence.

Some of these include:

• Steel Sustainability Champion recognition by the World Steel Association for seven consecutive years

• Inclusion in the Dow Jones Sustainability Index

• High rankings in S&P Global sustainability assessments

The company has also been ranked among the top steelmakers globally by World Steel Dynamics.

Conclusion

The Minas de Revuboè coking coal project in Mozambique marks a significant milestone for JSW Steel as it strengthens its raw material supply chain and expands its global presence.

By securing access to premium coking coal reserves, the company aims to support its long-term steel production expansion while managing costs and advancing sustainability goals.

The project also highlights growing economic cooperation between India and Mozambique, with potential benefits for both countries’ industrial sectors.

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