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Vale looking for fertilizer partner, reaffirms sale not an option

Brazilian mining heavyweight Vale SA is reportedly looking for a partner for its fertilizer business and has again ruled out a potential sale.

The company was quoted Sept. 29 by Reuters as saying its board members did not discuss selling the fertilizer business, following local media reports that the board would approve a sale at a board meeting being held the same day.

Vale was rumored to be in talks with Mosaic Co. regarding a partial sale of the unit.