JSW Steel has announced plans to develop the Minas de Revuboè coking coal mine in Mozambique as part of its strategy to ensure long-term raw material security for its steel operations.
According to a company statement, the mine is located in the Moatize coal basin of the Tete Province and holds estimated reserves of around 850 million tonnes. Out of this, about 250 million tonnes are expected to be usable coking coal, a key raw material required for steel production.
JSW Steel said the project will be developed in phases, with the first phase expected to be completed within the next 2.5 years. During this phase, the mine is projected to produce around 2.4 million tonnes per annum (MTPA) of prime hard coking coal.
The move is part of the company’s backward integration strategy, aimed at reducing dependence on external suppliers and securing a stable supply of critical inputs for steel manufacturing. Coking coal remains one of the most expensive and vital raw materials used in producing steel through the blast furnace route.
India has limited domestic reserves of premium coking coal, forcing steelmakers to rely heavily on imports. By investing in overseas mining assets, JSW Steel hopes to mitigate supply risks and manage the impact of volatile global coal prices.
Commenting on the development, Parth Jindal of the JSW Group said the project will support the company’s long-term growth plans. JSW Steel is aiming to expand its steel production capacity in India to 50 million tonnes per annum by 2030.
He added that the Mozambique asset is expected to provide strategic and diversified raw material security, helping the company sustain its growth while managing fluctuations in the global coking coal market.
The investment reflects a broader trend among Indian steelmakers seeking overseas resources to secure raw materials for their expanding domestic production capacities.
