Brazil's Vale to sell 4 large iron ore carriers to China's CMES
RIO DE JANEIRO May 19 (Reuters) - Brazilian miner Vale said on Tuesday it agreed to sell four large iron ore carriers to China Merchants Energy Shipping Co (CMES) , as it looks to raise cash in the midst of an iron ore price slump.
The world's largest producer of iron ore said in a statement the details of the contract had not yet been finalised and will be released in the coming months. (Reporting by Stephen Eisenhammer)
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