22
Feb
10:01
Vale acquires 15% stake in Anglo’s Minas-Rio complex
Vale is buying a 15% share in Anglo American’s Minas-Rio complex, the Brazilian miner tells Kallanish. The unit is operated through the Australia-based subsidiary Minério de Ferro Brasil. The deal includes a partnership in exploring Vale's Serra da Serpentina deposit.
The combination of the two resources offers considerable expansion opportunities, such as the potential to double production, which Anglo American and Vale will assess under the tran…
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Anonymous
Very good overview of the weekly steel market.
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