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10 Pages

Vale divests stake in Mozambique coal assets to reduce risk


Vale divests stake in Mozambique coal assets to reduce risk

Report summary

Mitsui has agreed to spend US$951 million in Mozambique. This includes US$450 million for the purchase of a 14.25% stake in the Moatize coal mine from Vale, and an agreement to invest US$188 million in the mine to fund its share of remaining capex. In addition, Mitsui will earn a 35% interest in the Nacala Logistics Corridor (NLC) rail and port infrastructure, or half of Vale’s stake, by investing US$313 million to fund its share of remaining infrastructure capex.

What's included?

This report includes 2 file(s)

  • Vale divests stake in Mozambique coal assets to reduce risk PDF - 388.46 KB 10 Pages, 6 Tables, 7 Figures
  • Vale divests in Moatize to reduce its risk.xls XLS - 339.50 KB

Description

This Coal Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

Participants, suppliers and advisors can use it to look at the trends, risks and issues within the coal industry and gain an alternative point of view when making decisions.

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  • Executive summary
    • Deal Summary
      • Moatize Mine
      • Nacala Logistics Corridor (NLC)
    • Sensitivity to yield and price
    • Location Map
    • Coal assets
    • Infrastructure assets
      • Port
      • Rail
    • Costs
    • Deal Analysis
    • Upside and risks
    • Strategic rationale

In this report there are 13 tables or charts, including:

  • Executive summary
    • Key facts
    • Deal valuation analysis and sensitivities
    • Vale divests stake in Mozambique coal assets to reduce risk: Image 2
    • Vale's Moatize mine in Mozambique
    • Key assets
    • Vale divests stake in Mozambique coal assets to reduce risk: Table 3
    • Production (100% basis)
    • Seaborne metallurgical cash cost curve (2014)
    • Seaborne thermal cash cost curve (2014)
    • Summary valuation
    • Vale divests stake in Mozambique coal assets to reduce risk: Table 5
    • Nacala port capacity and potential throughput
    • Economic assumptions
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