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LONDON, Dec 4 (Reuters) - Japanese trading house Mitsui & Co will buy a stake in Vale's Moatize coal project in Mozambique, according to two sources close to the situation.
Under the terms of the sale, Mitsui will buy 15 percent of the mine and take a 50 percent stake in the connecting rail and port, one of the sources said.
Vale SA has long said it was planning to sell a stake in the project. (Reporting by Sarah McFarlane and Silvia Antonioli, writing by Stephen Eisenhammer in Rio de Janeiro; Editing by Chris Reese)