Jun 25, 2012 | Reuters
Vale sells coal mines to GS-led group for $407 mln
Brazilian mining giant Vale said on Monday it closed the sale of its coal assets in Colombia for $407 million in cash to a unit of Colombian Natural Resources, a mining company controlled by U.S. investment bank Goldman Sachs.
Vale Sells Colombia Coal Assets
Vale, the Brazilian mining giant, has sold its coal operations in Colombia to CPC S.A.S., a unit of privately-held Colombian Natural Resources SAS, for $407 million, the company announced in a statement Monday, May 28th.
UPDATE 1-Brazil's Vale to sell Colombian coal assets
Brazilian miner Vale said on Monday it agreed to sell its coal assets in Colombia to CPC, a unit of Colombian Natural Resources, for $407 million.
Vale looks to sell Colombian coal mine and Rio Cordoba port-potential buyers
Brazilian mining group Vale is looking to sell its 3 million tonnes a year Colombian coal mine and Rio Cordoba port, potential buyers said.