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Vale to sell fertilizer business to Mosaic for $2.5 billion

Cecilia Jamasmie | December 19, 2016 | 5:09 am Base Metals China Europe Latin America Copper Potash 

Brazil’s Vale (NYSE:VALE), the world’s largest iron ore and nickel miner, said Monday it will sell most of its fertilizer business to US-based Mosaic Co. (NYSE:MOS), the No.1 producer of phosphate fertilizer, in a deal worth about $2.5 billion. The...

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