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28
Mar
2017
Vale completes Moatize sale to Mitsui, appoints new CEOBy:Creamer Media Deputy Editor: North America COAL Brazilian miner Vale has completed the sale of its interest in the Mozambique-based Moatize coal project to Japanese miner Mitsui & Co, receiving an initial payment of $733-million. A further $37-million will be paid after the financing for the project is concluded, Vale said in a press release issued on Monday.
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