Vale has entered into a binding agreement with Vulcan Minerals to sell the Moatize coal mine and the Nacala Logistics Corridor (NLC) for total proceeds of $270 million, comprised of $80 million at closing and $190 million from the existing business until closing; plus a 10-year Royalty Agreement subject to certain mine production and coal … Continue reading Vale selling coal assets including Moatize mine to company of India’s Jindal Group