Vale announces completion of strategic partnership agreement with Manara Minerals
VALE S.A. American Depositary Shares Each Representing one common share (VALE)
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm
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US:NYSE Investor Relations:
vale.com/en/investors/pages/default.aspx
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Source: PR Newswire
RIO DE JANEIRO, May 1, 2024 /PRNewswire/ -- Following approval from the relevant regulatory authorities, Vale S.A. ("Vale" or "Company") is pleased to announce the completion of its approximately US$2.5 billion sale to Manara Minerals, a joint venture between Ma'aden and Saudi Arabia's Public Investment Fund, under which Manara Minerals will acquire 10% of Vale Base Metals Limited ("VBM").This strategic partnership, first announced in July 2023, will accelerate value generation from the best-in-class set of assets and projects VBM has across its portfolio, allowing VBM to help advance the global energy transition at a faster pace and at scale across the key critical mineral jurisdictions where it operates. Over the next decade, VBM is expected to invest in new projects across Brazil, Canada and Indonesia, moving towards a significant increase in copper production from 350kt/year to 900kt/year and in nickel production from 175kt/year to 300kt/year.In July 2023, Vale S.A. also announced
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VALE
News
- Vale Indonesia Gets Special Mining Permit Extension Until 2035 [BNN Bloomberg (Canada)]BNN Bloomberg
- Vale S.A. (NYSE: VALE) was upgraded by analysts at UBS Group AG from a "neutral" rating to a "buy" rating. They now have a $15.00 price target on the stock, up previously from $13.00.MarketBeat
- Brazil Rejects Vale-BHP's Offer in 2015 Deadly Dam Collapse [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Brazil Wants Next Vale CEO to Be Closer to Government [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Manara Minerals acquires 10% of Vale Base Metals for $2.5 bln [Seeking Alpha]Seeking Alpha
VALE
Earnings
- 4/25/24 - Miss
VALE
Sec Filings
- 5/14/24 - Form 6-K
- 5/13/24 - Form 6-K
- 5/10/24 - Form 6-K
- VALE's page on the SEC website