Vale’s Colombian Coal Assets Sought by Goldman Sachs

Reuters reported that Goldman Sachs (NYSE:GS) is the likely buyer for Vale’s (NYSE:VALE) coal operations in Colombia.

As quoted in the market news:

Getting access to the port would be a key reason for Goldman Sachs — one of the bigger banks active in coal trading — to buy along with doubling the firm’s capacity on the private Fenoco railway to 7 million tonnes by adding Vale’s share.

Click here to read the full Reuters report.