Post by
wreckhouse on Dec 31, 2021 10:28am
vulcan buying coal @ logistics
this past week in Vale news it says they are selling Moatize coal @ logistics corridor for 270 million/US TO VULCAN MINERIALS . also mentioned in the northern miner
Comment by
JohnCabot on Dec 31, 2021 10:58am
Wreckhouse, That was likely Vulcan Materials, Vulcan minerals has at best 5.0 million in the bank. JohnCabot
Comment by
Copperking102 on Dec 31, 2021 11:17am
I think it's an Australian listed company named Vulcan Energy Resources, which has the same symbol as us, VUL, but it's traded on the Aussie exchange, thus aux. Confusing for sure, and mining.com did some sloppy reporting saying it was us. Vale is the seller, coal mine is in Mozambique. Be nice if we had that kind of $$, maybe later in '22!!