Brazilian miner and iron ore producer Vale has announced that it has concluded the sale of the Moatize coal mine and the Nacala Logistic Corridor in Mozambique to India-based Jindal Group’s Canada-based subsidiary Vulcan Minerals, following the completion of all conditions precedent.
The transaction was worth $270 million, as SteelOrbis previously reported.
In addition, this transaction reinforces Vale’s commitment to reshape and decarbonize its portfolio.
