JSW Steel has announced a strategic milestone: the acquisition of the Minas de Revuboè (MDR) Coking Coal Mining Project located in the Tete Province, Mozambique. This move grants JSW access to substantial reserves of premium hard coking coal, crucial for its steelmaking operations. The project is expected to yield 2.4 mtpa of coking coal, bolstering JSW’s backward integration strategy and securing raw material supply for its Indian plants.
Strategic Acquisition for Backward Integration
JSW Steel Limited has formalized the acquisition of the Minas de Revuboè (MDR) Coking Coal Mining Project located in the Moatize coal basin, Tete Province, Mozambique. This development was announced on March 13, 2026, and marks a significant step in JSW Steel’s Global Raw Material Strategy and India-Mozambique Economic Cooperation.
The MDR project is deemed a strategic asset as it provides JSW Steel access to substantial reserves of premium hard coking coal, a key raw material necessary for high-quality steel manufacturing. The acquisition ceremony was marked by the presence of the President of the Republic of Mozambique, His Excellency Mr. Daniel Francisco Chapo, and other dignitaries.
Project Scale and Operational Potential
The MDR mine holds 850 mt of reserves, with the potential to yield 250 mt of usable coking coal. JSW Steel plans to develop the mine in phases, targeting a production of 2.4 mtpa of prime hard coking coal in the first phase. The site is logistically advantageous, located approximately 10 km north of Tete city, 450 km north of Beira port, and 900 km south-west of Nacala Port.
This long-term supply assurance is expected to provide cost-effective inputs, reducing India’s dependence on imported coking coal and optimizing cost structure over the long term. Mr. Parth Jindal highlighted that the project pivots the company toward securing 50 mtpa steel capacity in India by 2030.
Commitment to Sustainability and Future Growth
JSW Steel confirms that securing premium-quality hard coking coal is critical not only for productivity but also for reducing carbon emissions intensity in steelmaking. The higher-grade coal profile from MDR is expected to contribute directly to JSW Steel’s sustainability objectives, aligning with its broader decarbonisation roadmap.
Mr. Daniel Francisco Chapo expressed strong support, noting that the development will bring world-class management and investment to Mozambique.
JSW Steel, as of the announcement, is a US$ 23 billion JSW Group entity. The company currently has a consolidated crude steel capacity of 28.2 mtpa in India, with a next phase targeting 35.7 mtpa. Its Vijayanagar plant in Karnataka is the largest single-location steel-producing facility in India, with current capacity of 17.5 mtpa.
Corporate Responsibility Highlights
The release also reiterated JSW Steel’s deep commitment to ESG, including:
- Achieving 80% of domestic crude steel production covered under Responsible Steel™ Certified sites.
- Commitment to reduce CO2 emissions by 42% by 2030 from steel-making operations and achieving net neutral carbon emission by 2050.
- Aspiration to lead the energy transition by powering steel-making operations entirely by renewable energy by 2030.
- Commitment to net-zero water consumption and zero liquid discharge at operating sites by 2030.
Source: BSE
