JSW Steel Just Secured Its Future: 850 MT Mozambique Coal Mine to Fuel India’s 2030 Mega-Plan

MUMBAI, March 13, 2026 – In a landmark move for India's steel industry, JSW Steel Limited has officially announced the launch of its Minas de Revuboè (MDR) coking coal mining project in the Moatize basin of Tete Province, Mozambique. The project, revealed at a high-profile ceremony presided over by the President of Mozambique, H.E. Mr. Daniel Francisco Chapo, represents a transformative step in JSW Steel's global backward integration strategy.

The MDR project grants JSW Steel access to substantial reserves of premium hard coking coal, a critical raw material for steelmaking that is scarce in India. This strategic asset boasts 850 million tonnes (mt) of reserves with the potential to yield an estimated 250 million tonnes of usable coking coal.

Project Highlights and Strategic Importance

The development of the mine will proceed in phases. The first phase, expected to be completed over the next 2.5 years, aims to produce 2.4 million tonnes per annum (mtpa) of prime hard coking coal. The asset is strategically located, providing a significant logistical advantage for supply to Indian steel plants.

• Location Advantage: Situated just 10 km north of Tete city, the mine is well-positioned to access export routes via the Beira Port (450 km) and the Nacala Port (900 km), making it one of the most favorably situated coking coal assets for the Indian market.

Mr. Parth Jindal of the JSW Group, who attended the ceremony alongside the Indian High Commissioner to Mozambique, Mr. Robert Shetkington, emphasized the project's critical role in the company's future. "This project marks a pivotal milestone in securing premium hard coking coal reserves in Africa, strategically positioned close to India for cost optimization," Mr. Jindal stated. "As we grow to 50 mtpa steel capacity in India by 2030, we hope that this asset will provide strategic and diversified raw material security and cushion JSW Steel against volatile global coking coal prices, while fueling our sustainable growth vision."

A Boost for India-Mozambique Economic Ties

The launch ceremony in Moatize underscored the strengthening industrial cooperation between India and Mozambique. President Daniel Francisco Chapo welcomed the investment, stating, "The Government and people of Mozambique are elated by the entry of a world leader like JSW Steel into Mozambique. With the development of the Minas de Revuboè project, Mozambique looks forward to creating a world-class mining asset. With JSW Steel's presence, Mozambique will prove to international investors the ease of doing business in Mozambique."

Fueling Growth and Sustainability

For JSW Steel, the MDR project is a dual-purpose asset. Securing a captive source of premium hard coking coal is expected to mitigate the company's exposure to global price volatility and optimize its long-term cost structure. Furthermore, access to high-grade coal is directly linked to the company's sustainability objectives, as it helps reduce carbon emissions intensity in the steelmaking process.

This initiative aligns with JSW Steel's ambitious decarbonisation roadmap, which aims to reduce CO2 emissions by 42% by 2030 and achieve carbon neutrality by 2050.

About JSW Steel's Growing Footprint

JSW Steel, the flagship business of the US$ 23 billion JSW Group, is already India's leading integrated steel company with a consolidated crude steel capacity of 35.7 MTPA. With this new captive mining asset in Mozambique, the company is laying a robust foundation for its next phase of growth, targeting a consolidated capacity of 43.4 MTPA over the next three years and 50 MTPA by the end of the decade.

The MDR coking coal project is not just an investment in mining; it is a strategic investment in the future resilience and competitiveness of Indian steel on the global stage.