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Stonecoal SA Submits Bid for Mozambique’s Major Revuboè Coal Concession Following Government Revocation — Stonecoal SA

MAPUTO, Mozambique, Sept. 12, 2025 (GLOBE NEWSWIRE) — Stonecoal SA, represented by SVS CONSULTANTS FZCO, today announces the formal submission of its operational plan to develop the Revuboè basin’s multi–billion–dollar coal concession (4064C). This timely move follows the Mozambican government’s June 2024 decision to revoke the concession, previously held by Australian company Minas de Revuboè (MdR) for over a decade, due to inactivity and regulatory non–compliance.

Photo Courtesy of SVS Consultants

MdR, which first obtained the concession in 2013, remained inactive for more than ten years. In May 2024, MdR attempted to sell a 92% stake in the asset to India’s JSW Steel for $74 million—an action that reportedly breached Mozambique’s Mining Law, which prohibits transferring licenses without prior government approval. As a result, the Ministry of Mineral Resources and Energy formally withdrew MdR’s rights, underscoring Mozambique’s commitment to transparent governance and lawful management of major resources.

Responding to this opportunity, Stonecoal SA—a Mozambican mining firm—submitted its new operational plan in August 2024, aiming to re–activate the Revuboè site in line with government priorities for economic revitalization. The company emphasizes its commitment to responsible mining, best practice standards, and full regulatory compliance. Additionally, Stonecoal SA clarifies that none of its directors are affiliated with Vulcan (Jindal), in response to recent media reports.

A Council of Ministers resolution from July 2024 sets out the government’s reasons for withdrawing the former license: “lack of exploration works” and an unauthorized attempted transfer. In place of a transfer, a new concession was opened to Mozambican firms via a compliance–driven proposal process—a step reflecting the government’s proactive approach to reactivating dormant concessions and boosting national development.

Currently, Mining Concession 4064C remains unassigned in Mozambique’s official database, with Stonecoal SA’s proposal under review by authorities. While Stonecoal confirms the timely submission of its application, it will not provide details of any ongoing legal matters concerning the concession, in line with international media and newswire standards.

The mining sector news unfolds as Mozambique also manages a high–profile $120 million arbitration claim in France from ETG Group, linked to seized agricultural exports involving GMO compliance. This and the coal concession bid underscore Mozambique’s current efforts to balance investor confidence, regulatory modernization, and economic growth.

SVS CONSULTANTS FZCO is the official communications partner for Stonecoal SA, ensuring full transparency and accurate disclosure to stakeholders.

About Stonecoal SA
Stonecoal SA is a Mozambican mining company dedicated to responsible development of the country’s natural resources, focusing on sustainable mining, community engagement, and regulatory compliance.

Contact Information: SVS CONSULTANTS FZCO
Contact Person's Name: Mr. Haroon Rashid
Organization: SVS CONSULTANTS
Phone Number: +97154 541 3354

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c64f123b–61ec–459a–a227–e02405d65c99


GLOBENEWSWIRE (Distribution ID 9528210)

Hong Kong Cyclothon Returns on 30 November

Sign up for an Iconic Road–cycling Experience against Hong Kong’s Skyline

HONG KONG, Sept. 12, 2025 (GLOBE NEWSWIRE) — Hong Kong’s largest annual cycling event, the Sun Hung Kai Properties Hong Kong Cyclothon, organized by the Hong Kong Tourism Board (HKTB), is set to return to the road in Hong Kong on 30 November (Sunday). This year’s edition offers a fresh and comprehensive array of activities and experiences for sports lovers to immerse in the city’s vibrant energy, from professional races on brand new routes in the city streets among top athletes, an iconic road–cycling experience against Hong Kong’s skyline for cycling enthusiasts, to a cycling–themed carnival with sports and entertainment experiences. Cycling enthusiasts are welcome to register in Hong Kong Cyclothon from 13 September.

HKTB Chairman Dr Peter Lam said, “Hong Kong has successfully hosted a series of major international sports events in recent years, reinforcing the city’s growing presence on the global sports stage. The Hong Kong Cyclothon is a true highlight of our sporting calendar, offering locals and visitors an exceptional competitive cycling experience and showcasing the city’s ability to blend sport with tourism. This year’s event continues to place a strong emphasis on mass participation by hosting the most popular 50km ride, allowing cyclists to ride through ‘four tunnels, three bridges’. There is also the 32km ride which covers ‘two tunnels, two bridges’ and includes the inaugural World University Trophy, welcoming cyclists from universities in Hong Kong, Mainland and overseas, including students from some of the top 100 global institutions. The City Cycling Challenge around Greater Bay Area (Hong Kong) – Sun Hung Kai Properties Men’s and Women's Open will feature new, more demanding routes to elevate the excitement of the competition. Looking ahead, the HKTB aims to expand the Hong Kong Cyclothon across the Greater Bay Area and work in partnership with neighbouring destinations to build a world–class tourism brand for the region.”

50km & 32km Rides Open to 6,000 Local, Mainland and Overseas Cyclists
32km Ride Debuts World University Trophy

Popular non–competitive rides include the 50km “four tunnels, three bridges” route, and the 32km “two tunnels, two bridges” route. A total of 6,000 places will be available to local, Mainland and overseas cyclists, who can test their fitness along major roads passing renowned landmarks and set against the backdrop of Hong Kong’s adrenaline–pumping urban scenery. This year’s 32km ride will include the inaugural World University Trophy, bringing together cyclists from universities in Hong Kong, Mainland and overseas in a challenge that combines sports, tourism, and cultural exchange.

New Routes for City Cycling Challenge around Greater Bay Area (Hong Kong) – Sun Hung Kai Properties Men and Women's Open

Speed and strategy take centre stage as competition intensifies in the annual challenge. This year, the City Cycling Challenge around Greater Bay Area (Hong Kong) – Sun Hung Kai Properties Men’s and Women’s Open breaks from the traditional circuit format. The race will extend beyond Tsim Sha Tsui for the first time with a longer course taking in varied terrain. Riders will compete in an extended single–lap format, pushing them to their limits in what promises to be a thrilling showdown across iconic landmarks including the Former Kowloon–Canton Railway Clock Tower and the International Commerce Centre (ICC) and Tsing Ma Bridge, offering riders a spectacular view of Hong Kong’s skyline.

HKTB to Host Cyclothon Carnival at West Kowloon
A Celebration of Music, Sport and Charity

The sporting extravaganza extends to the West Kowloon Cultural District’s Art Park where the HKTB will present an action–packed Cyclothon Carnival. From morning to dusk, the carnival will offer a dynamic mix of music and sports performances. Visitors can enjoy a variety of food booths, sports gear markets, interactive emerging sports experiences, face painting stalls, balloon art workshops, and other fun–filled activities. The programme will give locals and visitors of all ages and interests the opportunity to immerse themselves in the spirit of the Hong Kong Cyclothon. Races will be livestreamed on a giant screen to ensure carnival–goers do not miss a second of the action.

Details of “SHKP Hong Kong Cyclothon 2025”: https://www.discoverhongkong.com/eng/what–s–new/events/cyclothon.html

Members of the media can download the photos from the following link:
https://assetlibrary.hktb.com/assetbank–hktb/action/browseItems?categoryId=2153&categoryTypeId=2&cachedCriteria=1

For media inquiries, please contact:

Mr Cameron Tong Mr Chokie Cheng
Tel: 2807 6367 Tel: 2807 6342
Email: [email protected] Email: [email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/b786fe5d–f93a–469d–b895–c16eee66034b

https://www.globenewswire.com/NewsRoom/AttachmentNg/18ca228e–483c–4116–adb7–80e24fd8b001

https://www.globenewswire.com/NewsRoom/AttachmentNg/f4abf6e9–61bb–45e7–960d–5ec5e2bf2b7b


GLOBENEWSWIRE (Distribution ID 9528084)