26
Apr
10:43
Vale concludes Mozambique-based Moatize coal mine divestment
Vale has concluded the sale of its Moatize coal mine and the Nacala Logistics Corridor (NLC) to Jindal Group subsidiary Vulcan Minerals, the Brazilian iron ore producer tells Kallanish. The mine produces both coking and thermal coal.
The closing of the transaction became possible after the Mozambique Ministry of Mineral Resources and Energy and the country’s antitrust body approved the sale’s final conditions.
The deal is valued at $270 million and in…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous