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 …
