TOKYO -- Mitsui & Co. agreed with resource group Vale to purchase stakes in a Mozambique coal mine and associated rail and port facilities for about $770 million.
Mitsui will acquire a 15% stake in the coal mine and a 35% interest in the rail and port project from the Brazilian company. In December 2014, the Japanese trading house decided to buy into the coal mine and the railway and port infrastructure, planning to pay around $940 million at the time.
