Brazilian miner Vale SA said on Thursday it has agreed to new terms with Japan’s Mitsui & Co for the sale of a stake in its Moatize coal mine and connected railway in Mozambique.
Under the new terms, Mitsui will contribute up to $450 million for a 15-percent stake in the mine and $348 million for a 50-percent stake in assets related to the Nacala Corridor, a railway and port connected to the mine.
Source: Reuters
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