The government, through the Ministry of Mineral Resources and Energy (MIREME), authorized the indirect transfer of all 15% of Mitsui's stake in Moatize Mines to the mining company Vale.

According to a note from MIREME, Vale's restructuring process should safeguard the jobs and rights of the communities where the company operates, in addition to ensuring continued compliance with legal obligations and contracts for goods and services.

"The Government will monitor the selection of the next investor, which must, on the one hand, continue to comply with its socio-environmental obligations and, on the other, the identification of a new investor with recognized suitability and capacity to conduct the project," the note states.

The transaction follows a request by Mitsui to sell its stake in the shareholder structure of the Moatize mine, with Vale now holding 100% of the mining project.

This decision is the first concrete step for Vale, owner of all the shares in Moatize Mine, to begin the process of disinvestment in the project.