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Brazil’s Vale Drops IPO Plans for Critical Minerals Unit, The Globe and Mail Reports
The move follows resistance from Brazilian officials who feared losing control of copper assets, as copper traded at US$6.57 a pound, near a record high.
4 Articles
4 Articles
Vale archived plans to make an initial public offer (IPO) of its base metal unit, Vale Base Metals , in the midst of political pressure due to the possibility of Brazil losing control over strategic mining assets, reported on Thursday the Canadian newspaper The Globe and Mail, citing sources. Exclusive material for subscribers. To have full access, access the link of the material and register.
·Rio de Janeiro, Brazil
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Brazil’s Vale drops IPO plans for critical minerals unit, The Globe and Mail reports
Sept 3 (Reuters) - Brazilian miner Vale SA is shelving plans for an IPO of its critical minerals unit, Vale Base Metals, amid political pushback in Brazil over the country potentially losing control over strategic mining assets, The Globe and Mai...
Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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