by , Jeff Yoders on AUGUST 4, 2016

Vale SA is looking to sell part of its future iron ore output for Chinese cash today.

Vale Brings in Chinese Investors

Brazil’s Vale SA is considering raising as much as $10 billion from the sale of up to 3% of future iron ore output to undisclosed Chinese companies, two sources with direct knowledge of the matter said.

Under terms of the deal, Vale, the world’s biggest iron ore producer, would receive streaming financing from the companies.

Source:MetalMiner