Vale Reorganizes Nickel and
Copper Assets in Brazil
Vale will transfer its Brazilian copper assets, which includes the Sossego mine (above) to Salobo
Metais S.A. (Photo: Vale)
The Vale board has approved the reorganization
of base metals operations held by
Vale S.A. in Brazil. The approval provides
for the transfer of the Brazilian copper assets
to Salobo Metais S.A. and the transfer
of Brazilian nickel assets to a new company
to be established by Vale in Brazil. Both
copper and nickel assets will continue to
be consolidated and wholly owned by Vale.
With the reorganization, Brazilian base metals
assets will be combined into two entities,
enabling more efficient processes and
management. Vale also clarified that there
are currently no decisions regarding new
transactions with its base metals business.
As featured in Womp 2022 Vol 11 - www.womp-int.com