24
Dec
12:14
Vale mulls stake in Anglo's Minas Rio: reports
Vale is mulling acquiring a stake in Anglo American’s competing Brazil-based Minas-Rio mine, reports Bloomberg, citing people familiar with the matter.
Preliminary talks that started last year have not advanced enough to be presented to the companies’ boards and may not result in a deal, the people said. Vale is considering buying a 30-40% stake in the project, or even a controlling interest. The mine has an average 67% Fe content, higher than Vale&rsq…
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Anonymous
Very good overview of the weekly steel market.
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