OREANDA-NEWS. Vale informs that effective today it has lifted force majeure (FM) on a number of its coal sales contracts in Mozambique. FM was declared following heavy rainfall since early February in Tete, Mozambique, creating serious challenges to the Linha do Sena railway, thus impacting shipments of metallurgical coal at approximately 500,000 metric tons.

Vale S.A. (full name Companhia Vale do Rio Doce) is a Brazilian multinational diversified metals and mining corporation and one of the largest logistics operators in Brazil In addition to being the second-largest mining company in the world, Vale is also the largest producer of iron ore, pellets, and second largest of nickel. Vale also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, alumina and aluminium. In the electric energy sector, the company participates in consortia and currently operates nine hydroelectric plants. Currently the company is listed on the stock exchanges of Sгo Paulo, New York, Paris, Hong Kong and Madrid.