JSW Steel has initiated the Minas de Revuboe coking coal project in Mozambique, tapping into 850 million tonnes of reserves. This strategic backward integration aims to stabilize raw material costs and provide a consistent supply of premium hard coking coal as the company targets a 50 million tonne annual steel capacity in India by 2030.
JSW Steel has commenced the development of the Minas de Revuboe (MdR) project in the Moatize coal basin of Mozambique. According to official disclosures, the venture provides the company with access to approximately 850 million tonnes of coal, including an estimated 250 million tonnes of high-grade premium hard coking coal.
The project will be executed in stages, with an initial phase set for completion within 30 months. This first leg is engineered to deliver a yearly output of 2.4 million tonnes of essential steelmaking coal. JSW Steel is the primary steel manufacturing arm of the $23 billion JSW Group, a diversified Indian conglomerate with significant holdings in energy, infrastructure, and cement.
This development is a critical move for the Indian steel sector, which remains heavily reliant on imported coking coal. By establishing a captive supply chain in Africa, JSW Steel reduces its vulnerability to the price fluctuations of the global commodities market. The mine’s location near Tete provides a logistical edge, utilizing the ports of Beira and Nacala to streamline shipments to Indian manufacturing hubs.
For investors and industry observers, the move signals an aggressive push toward cost optimization and resource autonomy. Securing these reserves is vital for JSW's objective to reach a domestic production capacity of 50 million tonnes by 2030. Furthermore, the integration of premium coal is expected to enhance blast furnace efficiency, supporting the company's broader operational sustainability and long-term financial resilience amid growing global demand for infrastructure materials.
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