Vale mulling over monetising future output: sources

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 producer, would receive streaming financing from the companies, said the sources, who asked to remain uniden…