Vale launches new attempt to sell nickel mine

Vale launches new attempt to sell nickel mine

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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

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