Vale signs definitive deal to buy Mitsui stake in Mozambique coal business

Brazilian iron ore and base metals producer Vale signed a definitive agreement with Japanese trading company Mitsui on Monday April 19 to acquire the latter's interest in the Moatize coal mine and the Nacala Logistics Corridor, both in Mozambique.

Vale said it expects to conclude the purchase of Mitsui's stake throughout 2021. The companies had reached a heads of agreement in January.

These are the...

Published

Renato Rostás

April 20, 2021

21:26 GMT

São Paulo