Vale Denies It Weighed Buying Back Its Old Corumbá Mines
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2 Articles
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.
The Vale said on Tuesday (14) that it evaluated the opportunity and ruled out any investment related to iron ore mines located in Corumbá (MS). In a statement sent to the Securities Commission (MSC), the miner stated that it regularly evaluates investment opportunities in the course of its activities, especially those with potential contribution to its strategic priorities. The decisions regarding the allocation of capital follow rigorous evalua…
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