Over 500 workers at Indian-owned Mozambique coal mine go on strike
Over 500 workers at a coal mine in Mozambique owned by a subsidiary of an Indian company have been on strike for a week, the company said in a statement on Tuesday, hurting coal production at a time of peak coal prices.
The striking workers, who make up around 10% of the 5,300-strong workforce at the Moatize mine in central province of Tete, are demanding compensation from Vulcan following its purchase of the mine from Brazilian miner Vale, Vulcan said.
Vale SA said in December it had agreed to sell the mine in a $270 million deal that included a connected railway corridor to Vulcan Minerals, a subsidiary of India’s $18 billion Jindal Group.
