Zimbabwe’s biggest coal miner by output will start exporting a variety of the fuel used for steel to Europe in December, making it the first producer from a Southern African nation to do so, according to officials. Makomo Resources has received orders for 15,000 tonnes that will be shipped in December, finance director Tendai Mungoni said Tuesday. He declined to name the final destination of the coal, saying the information was confidential. The company was in talks with authorities at Mozambique’s port of Beira for the fuel to be shipped from there, he said. The spot price of metallurgical, or coking, coal on Tuesday topped $300 a tonne for the first time since flooding in Australia curbed output from the world’s biggest seaborne exporter five years ago. The price has almost quadrupled since the start of June. Zimbabwe has five coal operating mines but only Makomo is fully operational.
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