New Delhi, March 14 JSW Steel will develop the Minas de Revubo¨ coking coal mine in Mozambique in phases, according to a company statement.
Located in the Moatize coal basin of the Tete Province, Minas de Revubo¨ has 850 million tonnes (MT) of reserves, with the potential to yield 250 MT of usable coking coal.
JSW Steel said it will develop the mine in phases, with the first phase expected to be completed over the next 2.5 years to produce 2.4 million tonnes per annum (MTPA) of high-quality coking coal.
The project is a step towards JSW Steel's backward integration strategy and is expected to provide long-term supply assurance for one of the most critical and cost-intensive inputs in steel manufacturing.
India's domestic premium coking coal resources remain limited, making captive overseas sourcing a strategic imperative.
"As we grow to 50 MTPA steel capacity in India by 2030, we hope that this asset will provide strategic and diversified raw material security and protect JSW Steel from volatile global coking coal prices, while supporting our vision of sustainable growth," said Parth Jindal, JSW Group.