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Brazil’s Vale sells all its coal assets after exiting Mozambique for US$240 million

RIO DE JANEIRO, BRAZIL - Brazil's Vale has sold all its coal-related assets after agreeing to sell its coal mine and a logistics corridor in Mozambique to Vulcan Minerals for US$270 million (€240 million), it said in a statement Tuesday.

The transaction also includes a 10-year royalty agreement subject to certain production conditions at the mines and the price of coal. The completion of the sale is also subject to the fulfillment of specific regulatory requirements.

The divestment of these assets is in line with the group's strategy of focusing on its core businesses and becoming . . .

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