08
Sep
10:15
Vale readies nickel unit shutdown after sale fails
Vale says it has failed to conclude an agreement with New Centaury Resources Limited for the sale of a 95% stake in Vale New Caledonia (VNC). Due to the lack of alternative options, the company will put VNC into maintenance, in preparation for a potential shutdown.
Negotiations for the sale started in May this year, but an agreement could not be reached.
"All parties to this negotiation have invested significant effort in an attempt to reach a solution…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous