Vale SA (VALE3), the world’s largest iron-ore producer,
agreed to sell its thermal coal assets in Colombia for $407 million to a unit
of Goldman Sachs Group as it focuses on
metal production. The divestiture
includes Vale’s El Hatillo coal mine, the Cerro Largo deposit, a port facility
on the Atlantic coast of Colombia and an 8.4 percent stake in the railway that
links the mines with the port, the company told Bloomberg….
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