Vale informs about the closing of the transaction with Anglo American in Minas-Rio
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Vale informs about the closing of the transaction with Anglo American in Minas-Rio
Following to the announcement disclosed to the market on February 22, 2024, Vale announces the fulfilment of conditions precedent and the consequent partnership with Anglo American, whereby Vale has acquired a 15% equity interest in Anglo American Minério de Ferro Brasil S.A., the company that currently owns the Minas-Rio complex.
Considering the closing of the transaction, Anglo American will now own the Serra da Serpentina assets previously owned by Vale in Brazil. Under the terms of the agreement, in addition to the contribution of the Serpentina assets, Vale has paid US$30 million¹ to the Anglo American Group. Anglo American will continue to control, manage and operate Minas-Rio, including any future expansion.
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