(Reuters) - Brazilian miner Companhia Vale do Rio Doce has promised to begin developing the $1.2 billion Moatize coal project in Mozambique within three months, Mozambique's mining minister said on Wednesday.
A consortium led by CVRD, the world's top iron ore producer, made the commitment in a development plan recently submitted to the Mozambique government, Mineral Resources Minister Esperanca Bias told state-run radio in the southern African nation.
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