Vale completes sale of Colombian thermal coal assets to Goldman Sachs unit

摘要

London — Vale has completed the sale of its Colombian thermal coal and logistics operations for $407 million in cash to Colombian Natural Resources, an affiliate of Goldman Sachs, the mining giant said late Monday. The operations include a fully integrated minerailway- port system consisting of the El Hatillo thermal coal mine and the Cerro Largo coal deposit in northern Colombia’s Cesar department, 100% of coal port facility Sociedad Portuaria Rio Cordoba, and an 8.43% share in the Ferrocarriles del Norte de Colombia (Fenoco) railway, which connects the coal mine to the coal port. Vale said in a statement that the sale