Indian steel tycoon’s pathway to $74 million Mozambique coal deal reopens

JSW Steel can now proceed with acquiring a Mozambique coal deposit after the seller, Minas de Revuboe (MdR), regained concession rights previously revoked by the government. The $74 million deal faced uncertainty when MdR's mining lease was canceled, but the recent restoration paves the way for JSW to access 280 million tons of premium coking coal.