Vale builds coal holdings with Argos buy

Dec 29, 2008 | 09:48 AM | Mick Bowen

Brazilian miner Vale has agreed to purchase the export coal assets of Colombian cement producer Cementos Argos SA for $300 million.

The assets consist of two mining concessions in the company's coal producing department of César, namely El Hatillo, an open-pit mine expected to produce 1.8 million tonnes of thermal coal this year before reaching full capacity....

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