November 6, 2020 |
Brazilian miner Vale said late that it reached an agreement with a consortium including commodities trader Trafigura to sell its nickel business Vale Nouvelle-Calédonie (VNC) after previous negotiations with Australia's New Century Resources failed.
Trafigura is a minority shareholder in the consortium, which is led by management and employees of VNC and backed by the governments of New Caledonia and France, according to a press release from Vale.
Vale Canada Limited (VCL) will hold exclusive ta
Brazilian miner opens talks with an employee-led consortium after talks failed with Australia's New Century