Home / Metal News / Nickel / Vale sells Nickel and Cobalt assets of its Canadian subsidiary
Vale sells Nickel and Cobalt assets of its Canadian subsidiary
May 26,2020 16:22CST
translation
The content below was translated by Tencent automatically for reference.

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.

2020 China Ni-Cr stainless Steel Industry Market and Application Development Forum

Scan the QR code, apply for participation or join the SMM metal exchange group

Nickel ore
mining
import and export
production capacity

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news