Insight
Vale sells Moatize to Jindal as it exits coal
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In late December, Vale agreed to sell Moatize and its Nacala Logistics Corridor to Vulcan (part of the Jindal Group) for US$270 million. The transaction spells the end of Vale’s involvement in the coal sector and allows the company to focus on its core businesses. For Jindal, it becomes a mid-tier metallurgical coal producer and provides HCC supply security to meet its longer-term steel growth forecast in India.
Table of contents
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Executive summary
- Deal summary and funding
- Implications:
- Asset summary
Tables and charts
This report includes the following images and tables:
- Key facts
- Economic assumptions
- Implied long-term (adjusted) coal price (deal by deal) vs HCC monthly average
- Pro-forma, total met coal export production (by mine)
- Pro-forma, total thermal coal export production (by mine)
- Asset map
What's included
This report contains:
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