JSW Steel Ltd, India’s biggest steelmaker by capacity, is going ahead with the development of a coking coal mine in Mozambique’s Tete province, securing access to a key raw material used in steel manufacturing. With India’s domestic reserves of hard coking coal limited, captive overseas sourcing has become a strategic priority, it said. Indian steelmakers usually import coking coal from Australia, the United States, Russia, Canada and Mozambique, among others. Tata Steel had bought into and subsequently sold its stake in a company that indirectly held rights to a coking coal mine. “With JSW Steel’s presence, Mozambique will prove to international investors the ease of doing business in Mozambique,” Chapo said in a statement.

Source: The Telegraph March 14, 2026 23:39 UTC