Vale S.A. Strengthens Ties with Anglo American

Vale SA (VALE) has released an update.

Vale S.A. has completed a strategic transaction with Anglo American by acquiring a 15% stake in Anglo American Minério de Ferro Brasil S.A., which manages the Minas-Rio complex. As part of the deal, Vale transferred its Serra da Serpentina assets and paid $30 million to Anglo American. This partnership strengthens Vale’s portfolio while allowing Anglo American to maintain control over Minas-Rio.

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