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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
Friday, August 5, 2016 - 05:50

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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

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