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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; [email protected]

Stock News for Companhia Vale Do Rio Doce (VALE)
DateTimeHeadline
03/21/201714:30:30Amended Report of Foreign Issuer (6-k/a)
03/21/201706:09:13Report of Foreign Issuer (6-k)
03/17/201706:03:41Report of Foreign Issuer (6-k)
03/16/201721:06:00Judge Suspends Lawsuit Against Firms Involved in 2015 Brazilian...
03/16/201706:05:15Report of Foreign Issuer (6-k)
03/10/201708:57:35Report of Foreign Issuer (6-k)
03/08/201717:22:00ADRs End Lower; Petrobras Trades Actively
03/03/201712:34:16Report of Foreign Issuer (6-k)
02/25/201703:02:00Vale's CEO to Exit Amid Political Pressure -- WSJ
02/24/201717:04:18Report of Foreign Issuer (6-k)
02/24/201716:52:00ADRs End Lower; Baidu, Grana y Montero Trade Actively
02/24/201713:09:06Report of Foreign Issuer (6-k)
02/24/201713:07:00Vale CEO Murilo Ferreira to Step Down in May -- 2nd Update
02/24/201710:39:00Correction to Vale CEO Story
02/24/201709:49:00Vale CEO Murilo Ferreira to Step Down in May -- Update
02/24/201708:51:00Vale CEO Murilo Ferreira to Step Down in May
02/23/201715:34:00Vale Dusts Off Crystal Ball, Sees $70-$75 'Floor' for Iron Ore
02/23/201708:10:47Report of Foreign Issuer (6-k)
02/23/201708:10:27Report of Foreign Issuer (6-k)
02/23/201708:10:27Report of Foreign Issuer (6-k)

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