21
Jan
16:18
Vale to acquire Mitsui’s Moatize stake before divestment
Brazil’s Vale has taken the first step to securing partner Mitsui’s exit from their Mozambique coal business, with a view to divesting the asset, Kallanish notes.
Vale has signed a Heads of Agreement (HoA) with Mitsui, allowing both parties to structure Mitsui's exit from the Moatize coal mine and Nacala Logistics Corridor (NLC).
This is the first step towards Vale's divestment of the coal business, the company comments. "The transaction …
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