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Vale agrees to sell Midwestern Systems shares

Mining giant Vale has agreed to sell its shares in the Brazilian Midwestern System – which produced 2.7 million tonnes of iron ore and 0.2 million tonnes of manganese ore in 2021 – to J&F Mineracao for about US$150 million. 

Vale agrees to sell Midwestern Systems shares Vale agrees to sell Midwestern Systems shares Vale agrees to sell Midwestern Systems shares Vale agrees to sell Midwestern Systems shares Vale agrees to sell Midwestern Systems shares

The sale includes the full assumption of the buyer - which is controlled by J&F Investimentos - of the take-or-pay logistics contracts.