Vale may acquire Anglo American’s iron ore project in Brazil
Time:Wed, 29 Dec 2021 07:28:10 +0800
keywords :
It was reported that Brazilian miner Vale might buy a stake in Anglo American’s Minas-Rio iron ore project in the Brazilian state of Minas Gerais.
Vale sought to acquire a 30-40% stake in this iron ore project, including open-pit mines and a beatification plant. Vale might also look for an operatorship stake in the project.
If the acquisition is done, it was expected to help Vale to lift up its annual iron ore production capacity to 400 million tons and strengthen its position as the world’s top iron ore supplier.
However, both companies are still in talk and the deal remains uncertain.
