Vale sells Nickel and Cobalt assets of its Canadian subsidiary

Published: May 26, 2020 16:22

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SMM5 June 26: recently, Vale announced that its subsidiary Vale Canada Co., Ltd. (VCL) has reached an exclusive agreement with Australia's New Century Resources Limited (New Century Resources Co., Ltd.

According to the agreement, Vale will negotiate the sale of its company in Nouvelle- al é donie S.A.S. Ownership, including its nickel and cobalt assets.

The negotiations include a financial package designed to support the transition and continuity of VNC operations from VCL to NCZ, while the two sides also plan to work with France to ensure continued financial support.

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