Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Brazilian miner Vale said on Tuesday it agreed to sell four large iron-ore carriers to China Merchants Energy Shipping Co (CMES), as it looks to raise cash in the midst of an iron-ore price slump. The world's largest producer of iron-ore said in a statement the details of the contract had not yet been finalised and will be released in the coming months.
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