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Brazil's Vale Sells Colombia Coal Assets To CPC For $407 Million

SAO PAULO -(Dow Jones)- Brazilian mining giant Vale SA (VALE, VALE5.BR) on Monday said it has agreed to sell its Colombian thermal coal assets to CPC S.A.S., a unit of privately-held Colombian Natural Resources SAS, for $407 million in cash. "The sale of the thermal coal in Colombia is part of our continual efforts to optimize our portfolio of assets," the company said in a statement. The deal is subject to regulatory approvals, Vale said. Vale's coal assets in Colombia include an integrated mine-railroad-port system, including 100% of the El Hatillo coal mine and the Cerro Largo coal reserves; 100% of the Rio Cordoba port, and an 8.43% equity stake in the Ferrocarriles Del Norte de Colombia SA, or Fenoco, railroad. -By Matthew Cowley, Dow Jones Newswires; +55 11 3544 7082; matthew.cowley@dowjones.com

Stock News for Companhia Vale Do Rio Doce (VALE)
DateTimeHeadline
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09/21/201609:00:33Report of Foreign Issuer (6-k)
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09/06/201615:59:13Report of Foreign Issuer (6-k)
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09/02/201614:09:04Report of Foreign Issuer (6-k)
09/01/201608:58:32Report of Foreign Issuer (6-k)
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08/31/201609:00:41Report of Foreign Issuer (6-k)
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08/12/201616:26:49Report of Foreign Issuer (6-k)
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08/10/201614:33:50Securities Registration (section 12(b)) (8-a12b)
08/10/201614:23:48Report of Foreign Issuer (6-k)

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