Vale sells its Mozambique coal assets to Indian steel company Jindal

Region:

Middle East & Africa, Asia-Pacific

By Jonathan Bell

Brazilian mining company Vale has signed a deal to sell its metallurgical and thermal coal mine in Mozambique to Jindal, the Indian steel and power conglomerate. Importantly, this strategic sale to the Indian producer also includes the Nacala 912-km railroad and a deep water port in Mozambique.The...

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