You are here

Vale mulling over monetising future output: sources

The idea is to sell up to 3% of the Brazilian producer's future iron ore output to China companies over a 30-year period

BT_20160805_VPVALE5_2422874.jpg
Even if the iron ore streaming transaction reaches US$10 billion, the sources said that Vale would continue with a slew of asset sales.

Sao Paulo

BRAZIL'S Vale SA is considering raising as much as US$10 billion from the sale of up to 3 per cent of future iron ore output to undisclosed Chinese companies, two sources with direct knowledge of the matter said.

Under terms of the deal, Vale, the world's biggest iron ore

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom