Jun 25, 2012
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.
The Rio Times
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.