Nippon Steel & Sumitomo Metal Corporation (NSSMC) and Nippon Steel Trading Co., Ltd. (NST) together hold a 33.3% interest in the the Revuboe Coal Mine Development Project, and has obtained the mining concession needed for the development of the project from the government of the Republic of Mozambique.
Undertaking to explore inferred coal reserves in Tete Province in the Republic of Mozambique, the project has already identified deposits of high-quality coking coal on a scale large enough to permit open-cut mining. As can be seen from the many coal mining projects already active in the surrounding areas, the coal reserves in Mozambique, being of such a good quality and available economically, are of great rarity amid the harsh environment regarding coking coal resources worldwide.
