WSJ News Exclusive | Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia

  • 📰 WSJ
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Brazilian miner Vale is close to completing a deal to sell a roughly 10% stake in its $25 billion base metals unit to a joint venture between Saudi Arabia’s sovereign-wealth fund and a Saudi mining company

Nickel is an essential component of electric-vehicle batteries and Indonesia is by far the world’s largest producer. A rare visit to one of its biggest nickel plants reveals the heavy environmental cost of mining and processing the metal.

Photo: Ulet Ifansastiis close to completing a deal to sell a roughly 10% stake in its $25 billion base metals unit to a joint venture between Saudi Arabia’s sovereign-wealth fund and a Saudi mining company, according to people familiar with the matter.Continue reading your article with

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines