Brazilian iron ore producer Vale sold a 25 percent stake it had at a Chinese coal producer, the miner said this week.
Vale said it sold its stake at coal producer producer Henan Longyu Energy Resources Co to Yongmei Group Co for $152 million.
Henan Longyu Energy Resources operates two coal mines in the Henan province, in China, and has a 3.4 million mt/year production capacity, according to Vale.
Vale said it expects to close the transaction by Q1 2020.