# Vale signs agreement to acquire Mitsui's stake in Moatize mine and NLC

Vale signed an Investment Agreement with Mitsui to acquire Mitsui's entire interest in the Moatize coal mine and the Nacala Logistics Corridor.

- Type: Acquisition
- Announced: 2021-05-11
- Where: Mozambique
- Status: announced
- Products: coal
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Vale](https://endata.com/companies/14293.md) (acquirer)
- [Mitsui](https://endata.com/companies/28267.md) (target)

## Sources

- [georesources.net](https://www.georesources.net/cms.php/en/archive/10170/metso-outotec-completes-merger-clearance-process-in-india), 2021-05-13: "Vale informs that on this date it signed an Investment Agreement with Mitsui for the acquisition by Vale of the totality of Mitsui´s interest of the Moatize coal mine and in the Nacala Logistics Corridor (NCL)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.