SAO PAULO, Nov 5 (Reuters) - Brazilian miner Vale SA VALE3.SA said its subsidiary Vale Canada Limited had entered exclusive talks with a consortium to negotiate the sale of its stake in Vale Nouvelle-Calédonie, according to a securities filing.
The exclusive talks would last 30 days, it said in the filing late on Wednesday.
The consortium, led by current Vale Nouvelle-Calédonie management and employees, has the support of the governments of New Caledonia and France. Trafigura TRAFGF.UL was a minority partner in the consortium, the filing said.
Talks include finalizing outstanding requirements to support the transition and continuity of Vale Nouvelle-Calédonie's operations, according to information disclosed by Vale.
Any definitive agreement would be subject to the prior consultation of Vale Nouvelle-Calédonie's works council and regulatory approvals, the Brazilian miner said.