09
Dec
10:12
NICKEL: Vale advances nickel unit sale
Brazil’s Vale says that it has signed a binding put option agreement for the sale of its ownership interest in Vale Nouvelle-Calédonie (VNC) nickel unit.
The arrangement is with a new consortium called Prony Resources, led by VNC’s current management and employees and supported by both the Caledonian and French authorities with Trafigura as a minority shareholder, Kallanish learns from the miner.
“All parties to this negotiation have sho…
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Very good overview of the weekly steel market.
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