GFM Network News

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Vale sells fertilizer unit to Mosaic

Brasilia/Sao Paulo | Reuters — Vale SA’s US$2.5 billion sale of its fertilizer business to Mosaic Co., the latest step in the Brazilian iron ore miner’s strategy to reduce debt, also makes it the U.S. company’s biggest shareholder. Mosaic, which made the deal to improve its access to Brazil’s vast agricultural markets, will pay $1.25

Dock worker strike exposes weak link for Brazilian export powerhouse

The government wants to privatize 
158 ports to attract private investment, 
but workers fear a loss of jobs

Reuters / Dock workers shut down the movement of global commodities through Brazilian ports early Feb. 22 during a six-hour strike to protest the government’s plan to overhaul regulations and put more than 150 terminals in the hands of the private sector. The short-lived work stoppage provided a glimpse of what could turn out to