Reportedly plans to sell Colombian thermal coal assets, wants to concentrate on metallurgical coal

摘要

Brazilian mining giant Vale is reportedly interested in selling its Colombian coal operations, sources tell Coal Americas. "Vale selected a financial institution to oversee the sale process last month," one source said. "The Colombian mines don't fit in with Vale's overall growth strategy, which is to concentrate on metallurgical coal production." A spokesman with Vale told Coal Americas that the company does not have a statement at this time and as a general rule does not comment on market rumors. Vale operates the El Hatillo mine in Cesar department, which currently produces 3.0 to 4.0 million tonnes of thermal coal per year. Vale had planned to boost production to 9.5 million tonnes per year by 2014 with the development of the Las Cuevas coal deposit at EI Hatillo.