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Emerging Markets

Vale Denies It Weighed Buying Back Its Old Corumbá Mines

The Rio Times · 1h ago · 🇧🇷 Brazil
Vale Denies It Weighed Buying Back Its Old Corumbá Mines

Mining Key Facts —The denial. Vale said it looked at reacquiring the Corumbá iron-ore mines and ruled the deal out. —The asset. Vale sold the mines to the Batista brothers’ J&F group in 2022 for about 1.2 billion US dollars. —The trigger. A press column reported a May dinner and mine visit involving senior Vale […] The post Vale Denies It Weighed Buying Back Its Old Corumbá Mines appeared first on The Rio Times .

Read the full story at The Rio Times →