OEM Caterpillar has confirmed to North American Mining and Miners News that it has made a preliminary deal to exit longwall mining and divest its longwall equipment arm to Hauhinco.
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Tag: divestment
Vale selling Moz mine, rail corridor to Vulcan Minerals
Brazilian-based miner Vale has confirmed in a regulatory securities filing notice that it is selling its Moatize coal operation and Nacala logistic corridor in Mozambique to Jindal Group subsidiary Vulcan Minerals in a $270 million deal.
Read MoreBHP closes door on QLD met coal, sells to Stanmore
BHP announced 8 November it has inked a deal to divest its 80% holding in BHP Mitsui Coal (BMC), effectively exiting the metallurgical coal scene in Queensland, Australia.
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