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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;

Stock News for Companhia Vale Do Rio Doce (VALE)
10/21/201603:03:00Mining Executives Charged -- WSJ
10/20/201617:59:00Brazil Charges 21 in Samarco Mining Dam Collapse -- Update
10/20/201614:40:00Brazil Charges 21 People in Samarco Mining Dam Collapse
10/20/201614:29:00Brazil Charges 21 People With Homicide in Samarco Mining Dam...
10/20/201607:51:05Report of Foreign Issuer (6-k)
10/20/201607:00:00Vale Boosts Production of Main Materials
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10/11/201606:05:37Report of Foreign Issuer (6-k)
09/29/201618:20:00ADRs End Lower; Novo Nordisk Falls
09/29/201617:00:00Vale, Mitsui Agree on New Terms for Sale of Some Mozambique Assets
09/29/201614:19:31Report of Foreign Issuer (6-k)
09/29/201608:52:22Report of Foreign Issuer (6-k)
09/27/201614:50:00Samarco Mineraç ã o Bonds Plummet After Missed Interest Payment
09/21/201609:00:33Report of Foreign Issuer (6-k)
09/16/201609:02:25Report of Foreign Issuer (6-k)
09/06/201615:59:13Report of Foreign Issuer (6-k)
09/06/201606:12:37Report of Foreign Issuer (6-k)
09/02/201614:09:04Report of Foreign Issuer (6-k)
09/01/201608:58:32Report of Foreign Issuer (6-k)
09/01/201608:48:36Report of Foreign Issuer (6-k)

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