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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
01/13/201716:46:48Report of Foreign Issuer (6-k)
01/09/201716:12:47Report of Foreign Issuer (6-k)
01/04/201717:11:55Report of Foreign Issuer (6-k)
01/03/201717:23:38Report of Foreign Issuer (6-k)
12/20/201617:07:25Report of Foreign Issuer (6-k)
12/20/201603:02:00Israel Arrests Diamond Magnate -- WSJ
12/19/201618:40:00Diamond Magnate Beny Steinmetz Arrested in Guinea Case -- 2nd...
12/19/201614:52:00Mosaic to Buy Vale's Fertilizer Business for $2.5 Billion...
12/19/201607:55:00Mosaic to Buy Vale's Fertilizer Business for $2.5 Billion...
12/19/201607:05:42Report of Foreign Issuer (6-k)
12/19/201607:00:00Mosaic to Buy Vale's Fertilizer Business for $2.5 Billion
12/19/201605:59:00A Geographic Shift in Brazil Mining Leaves a Storied Region Hurting
12/19/201603:02:00Vale Alliance Looks Uncertain, Fortescue CEO Says -- WSJ
12/15/201622:48:00Fortescue CEO Says Alliance With Vale Appears Shaky
12/15/201616:57:02Report of Foreign Issuer (6-k)
12/13/201608:40:00Brazil's Big Companies Hinder Its Brazil's Big Companies Hinder...
12/12/201607:16:20Report of Foreign Issuer (6-k)
12/09/201614:43:50Report of Foreign Issuer (6-k)
12/06/201606:02:41Report of Foreign Issuer (6-k)
12/05/201617:23:43Report of Foreign Issuer (6-k)

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