30
Sep
18:03
Vale agrees Moatize, NLC stake sale terms
Brazilian iron ore producer Vale has officially approved the new terms of the divestment to Mitsui & Co. of part of its stake in the Moatize coal mine and the Nacala Logistics Corridor (NLC), Kallanish learns.
Mitsui has agreed to contribute up to $450 million for a 15% stake in the Moatize coal mine, currently 95% owned by Vale. Mitsui will also contribute $348m for a 50% stake in the equity and quasi-equity instrumen…
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