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Vale sells Moatize to Jindal as it exits coal

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07 January 2022

Vale sells Moatize to Jindal as it exits coal

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

Tables and charts

This report includes 6 images and tables including:

  • 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:

  • Document

    Vale sells Moatize to Jindal as it exits coal.xlsx

    XLSX 170.03 KB

  • Document

    Vale sells Moatize to Jindal as it exits coal

    PDF 1.39 MB