Mining in Indonesia and Mozambique’s riches

The Economist:

On Mozambique:

HEAVY mechanical diggers chomp away at the earth in the sweltering heat of northern Mozambique’s Tete province. Beneath the brittle terrain lie vast deposits of coal, which Vale, a Brazilian mining giant, is busy digging out while tankers spray water to tame clouds of dust. Managers reckon the mine will produce 4.6m or so tonnes of coal this year. In a few years it hopes to raise that to 22m. Rio Tinto, another mining firm operating in Tete, says the region is home to the world’s best undeveloped coking coal...

and on Indonesia:

THE idea was simple. Use a London listing to bring British corporate-governance standards to an Indonesian mining firm set to profit from feeding China’s vast appetite for coal...