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Vale Sells Colombia Coal Assets

By Stephen Eisenhammer, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - 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 US$407 million, the company announced in a statement Monday, May 28th. Vale said the sale is “part of our continuing attempts to optimize our portfolio of assets” and it will “optimize the allocation of capital.”

The sale is for the entire mine-railway-port network, including: one hundred percent of the El Hatillo coal mine and the coal deposits of Cerro Largo . . .

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