Brazilian mining giant Vale SA (VALE, VALE3.BR, VALE5.BR) is in talks with Asian mining companies about selling a minority stake in its Brazilian iron ore assets, Bloomberg News reported Friday.

People familiar with the matter told Bloomberg that a sale could raise up to $7 billion.

Meanwhile, Reuters reported that fertilizer maker Mosaic Co. (MOS) is in discussions to buy Vale's fertilizer unit.

Full story at http://www.bloomberg.com/news/articles/2016-06-17/vale-said-in-talks-with-asia-buyers-for-stake-in-brazil-iron-ore and http://www.reuters.com/article/us-vale-sa-m-a-mosaic-fertilizers-exclus-idUSKCN0Z30CG

Write to nymonitoring@dowjones.com

(END) Dow Jones Newswires

June 17, 2016 20:30 ET (00:30 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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