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Brazil's Vale sells stake in Moatize coal mine to Mitsui

BRASILIA, March 27 Brazilian mining company Vale SA said on Monday it has concluded the sale of a stake in Mozambique's Moatize coal project to Japan's Mitsui & Co Ltd and received an initial payment of $733 million, the company said in a security filing.

The remainder of the $770 million transaction will be paid after the financing for the project is concluded, Vale said.

(Reporting by Anthony Boadle; editing by Diane Craft)

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