Vale in advanced talks to sell Center-West system
Reference (Image courtesy of Vale)
Brazilian miner Vale SA said on Friday it is in advanced talks to sell the companies that compose its Center-West system.
The companies, which produce iron ore and manganese ore, accounted for $110 million in adjusted EBITDA in 2021.
The potential sale is in line with Vale’s strategy to focus on core businesses and growth opportunities, the miner said in a securities filing.
(By Carolina Pulice and Peter Frontini; Editing by Chris Reese)
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