Vale close to finalizing Mozambique coal stake deal

Thursday, March 16, 2017

Brazilian mining giant Vale said late Wednesday it is nearing closure of a deal to sell part of its coal and logistics assets in Mozambique to Japan's Mitsui. The sale, which was agreed last September, involves 15% of Vale's 95%-owned Moatize coal mine and 50% of Vale's 70%-owned Nacala logisitic...

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This news article is one of hundreds published daily by Business News Americas about the commodities, markets, movements, companies, projects, economics and politics integral to the development of Latin America. Including news and insight from South America, Central America and the Caribbean, BNamericas includes insight and forecasts for business opportunities in Mexico. The business development service focuses on major projects, active companies, such as and business and sales contacts, providing networking opportunities with leading executives throughout Latin America.