Mining giant Vale completed the sale of its stake in a Brazilian phosphoric acid producer.

While the completion of the $52 million sale is “relatively immaterial,” RBC’s Fraser Phillips, Thomas Klein and Steve Bristo write that “it is consistent with Vale’s goal of raising $5 to $10 billion in cash through restructuring and asset sales over the next 12 months.”

Shares of Vale (VALE) jumped 6.4% to $8.09 today. BHP Billiton (BHP) is up nearly 3% , Rio Tinto (RIO) is up 2.4% and Cleveland-based international mining company Cliffs Natural Resources (CLF) is up 6%.

The transaction was announced a year ago, but it took a year for Brazil’s antitrust authority, Conselho Administrativo de Defesa Econômica, to grant approval. The terms: Vale sold its 44.25% stake in Fosbrasil, a producer of purified phosphoric acid in Cajati, to ICL Basil for $52 million.