Valley deals with sale of Asian assets participation in Brazil

Vale is in talks with Asian mining companies for the sale of a minority stake in its iron ore assets of Brazil, according to the news agency Bloomberg News reported on Friday. The names of the miners are not informed.
People familiar with the matter told Bloomberg that the sale could yield up to $ 7 billion to the Valley. The sources asked to not be identified because it is private information, claim.
Another news agency, Reuters is reporting that fertilizer maker Mosaic co., of the United States, the world''s largest phosphate producer, is in talks to buy fertilizer unit of the Valley. According to the Agency, three sources with knowledge of the matter reported that the goal of the Mosaic is to expand its presence in South America and Africa.
The Valley fertilizer assets in Canada, Brazil, Peru, Argentina and Mozambique.