Now Reading
Vale Expects to Close Moatize Coal Operations at the End of the Year

Vale Expects to Close Moatize Coal Operations at the End of the Year

Mining company Vale may find a buyer for its Moatize coal mine by the end of this year in an ongoing move to achieve a leaner portfolio, Vale CEO Eduardo Bartolomeo said. “We have already made two site visits and there are more people coming to visit us,” Bartolomeo said in an interview days ago, conducted virtually during the Financial Times Mining Summit.

Mining company Vale may find a buyer for its Moatize coal mine by the end of this year in an ongoing move to achieve a leaner portfolio, Vale CEO Eduardo Bartolomeo said. “We have already made two site visits and there are more people coming to visit us,” Bartolomeo said in an interview days ago, conducted virtually during the Financial Times Mining Summit.

The Brazilian mining company divested its manganese ferroalloy assets in the state of Minas Gerais, Brazil, two weeks ago, following the divestment of its nickel and cobalt project in New Caledonia. “Moatize is next,” Vale’s CEO assured.

See Also

Later, the company also plans to divest its stakes in California Steel Industries (CSI) and Companhia Siderúrgica do Pecém (CSP) in Northeast Brazil, according to information presented by Bartolomeo at the event.

close

Get our daily newsletter directly in your email

© 2021 360 Mozambique by Media 4 Development. All Rights Reserved.

Scroll To Top