29
Dec
10:05
Vale sells stake in Chinese coal company
Vale says that it has entered into an agreement to sell the totality of its 25% stake in the Chinese Henan Longyu Energy Resources to the Yongmei Group, Kallanish learns from the Brazilian miner. Longyu operates two mines in the province of Henan, producing 3.4 million tonnes/year of metallurgical and thermal coal.
“The transaction is in line with Vale's strategy of discipline in capital allocation and business portfolio rationalisation,” the miner…
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Anonymous
Very good overview of the weekly steel market.
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