Africa Monitor Intelligence
Mozambique: Sale of Vale's Assets to Jindal at Risk
The deal between Vale Moçambique and Vulcan is not yet concluded. According to close sources, Vale wants the completion of the transaction only be done after investigations are completed and the company´s compliance in Mozambique and abroad has been verified.
On 24.JAN., executives from Jindal arrived in Mozambique, where they had two “discreet” meetings with MAX TONELA, then Minister of Mineral Resources and Energy (currently Minister of Economy and Finance), and with PR FILIPE NYUSI (FN), in what is interpreted as a lobbying strategy to close the lawsuit and ensure the viability of the Vale deal. READ MORE