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.
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After informing its shareholders on Oct. 4 that it was suspending operations at the Onça Puma nickel mine in Para state, Brazil, after government notification of its noncompliance with its lining license, owner Vale has returned the mine to production.
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Vale has confirmed that a fire on Oct. 5 at its Salobo copper mine in the Pará state, Brazil, has temporarily idled production.
Read MoreVale has confirmed the suspension of operations at its Onça Puma nickel mine in the Para state, Brazil, after being notified by government officials it was out of compliance with its mining license. The miner said Oct. 4 that the Environmental and Sustainability office of the Para State (SEMAS), which according to local reports issued the notification on Oct. 1,…
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