Friday, July 1, 2016

Vale says sold three Valemax iron ore ships to ICBC for $296 mln

RIO DE JANEIRO, July 1 (Reuters) - Brazil's Vale SA said it

has sold three of its giant "Valemax" iron ore ships to a group

led by Industrial and Commercial Bank of China, continuing

efforts to unload assets to cut debt and focus investment on its

main mining activities.

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