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Reuters: Vale likely to sell its ship assets before its mining assets

Mar. 25, 2015 5:33 PM ETVale S.A. (VALE) StockVALEBy: Carl Surran, SA News Editor11 Comments
  • Vale (NYSE:VALE) is looking to raise cash but may find it easier to dispose of giant ships and part of its stake in a rail logistics business before selling mining assets, Reuters reports, citing four sources with knowledge of the situation.
  • With several cash-raising options discussed earlier now looking more problematic as the risk associated with both Brazil and mining-related investments continues to mount, selling a group of Valemax ore carriers and disposing of all or part of a 43.8% stake in rail freight firm MRS Logística are said to have become the best options for Vale.
  • Vale has to fill a $1.4B cash flow shortage this year, according to analyst estimates.

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