【Ferro-alloys.com】Brazilian holding J&F Investimentos has agreed to acquire Vale's iron-ore and manganese mines in the state of Mato Grosso do Sul for one-billion reais ($215- million), newspaper Valor Economico reported late on Tuesday.

The figure to be paid by J&F, parent company of meatpacker JBS and pulpmaker Eldorado Brasil, includes the ventures' debt, Valor said, citing market sources familiar with the matter.

J&F and Vale did not immediately respond to requests for comment.

Vale announced last week it was in advanced talks to sell the companies that compose its Center-West system as it looks to focus on core businesses and growth opportunities. 

• [Editor:zhaozihao]