JSW Steel—the steel manufacturing unit of the JSW Group led by Sajjan Jindal, son of India’s richest woman, Savitri Jindal—is developing a coal mine in Mozambique as the Mumbai-listed company ramps up steel production capacity.

The Minas de Revuboè mine in Tete Province in northwestern Mozambique has an estimated 850 million metric tonnes of coal reserves, including about 250 million tonnes of coking coal, a key raw material for the manufacture of steel. JSW Steel plans to develop the mine in phases, with the first phase expected to take almost three years and initially produce 2.4 million tonnes of coking coal per year, the company said in a statement late Friday.

JSW Steel is kick-starting the mine’s development nearly two years after agreeing to buy a 92% stake in Minas de Revuboè in May 2024 for $74 million.........

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