Reuters logo
Brazil's Vale sells stake in Moatize coal mine to Mitsui
March 27, 2017 / 10:35 PM / 6 months ago

Brazil's Vale sells stake in Moatize coal mine to Mitsui

BRASILIA, March 27 (Reuters) - Brazilian mining company Vale SA said on Monday it has concluded the sale of a stake in Mozambique’s Moatize coal project to Japan’s Mitsui & Co Ltd and received an initial payment of $733 million, the company said in a security filing.

The remainder of the $770 million transaction will be paid after the financing for the project is concluded, Vale said.

Reporting by Anthony Boadle; editing by Diane Craft

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below