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Vale asset sale imminent

Debt-reducing sales expected to start next week

Mining Journal
Production facilities at Vale's S11D iron ore plant in Brazil

Production facilities at Vale's S11D iron ore plant in Brazil

In February, the company announced it would sell certain “core assets” as it sought to pay down debt towards the US$15 billion level. At the end of June, net borrowings stood at $27.5 billion. CEO Murilo...

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