Vale to purchase Ferrous
(Posted on 11/12/18)
Vale informs that it entered into a definitive agreement to buy Ferrous Resources Limited, a company that currently owns and operates iron ore mines closely located to Vale's operations in Minas Gerais, Brazil. The purchase price is US$ 550 million and the transaction is expected to occur in 2019, subject to various conditions precedent,
Vale’s primary business is mining, an essential activity in modern times. From cell phones to airplanes, building structures to coins, ores are the ingredients for various indispensable items for everyday life.
Vale are the world’s largest iron ore and nickel producer, also operating in other mineral sectors, and through investments in technology and logistics and assure efficiency, growth and sustainability in operations.
To ensure speed and safety of ore transportation, Vale has a logistics network integrating mines, railroads, ports and ships. The company has infrastructure in Brazil, Indonesia, Mozambique, Oman, Philippines and Argentina.
Its logistics structure also transports cargo for third parties. In addition, they offer two passenger train lines in Brazil: the Vitória – Minas and Carajás Railroads.
Through investment in state-of-the-art technology, Vale develop solutions which enable reduction of transportation costs and greenhouse gas emissions.
Cargill’s 2017/2018 Cargill Cocoa & Chocolate Sustainability Report highlights the work being... Read more
The Coalition of American Metal Manufacturers and Users (CAMMU), issued the following statement on the... Read more
RUSAL, one of the largest aluminium producers in the world, will plant 500 thousand trees in the Irkutsk... Read more
Zircon sand is not corrosive to metals when tested in accordance with the International Maritime Organization... Read more
Vale has reaffirmed that all preventive measures have been taken for any possible scenario in Barã... Read more
The World Coal Association (WCA) has reaffirmed its commitment to the UN Global Compact (UNGC) through... Read more
The following statement can be attributed to the CEO of Adani Mining, Lucas Dow:“We welcome the... Read more
TSSA General Secretary, Manuel Cortes, has written to the UK Government calling on Ministers to &ldquo... Read more
Rusal, a leading global aluminium producer, has obtained a license to develop the Goryachegorsk nepheline... Read more
The United States National Grain and Feed Association (NGFA) has commended the Trump administration... Read more