Brazil's Vale denies postponing sale of New Caledonia mine stake

• Tuesday, November 21, 2017
• Source:ferro-alloys.com

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Brazil's Vale SA in a securities exchange filing on Monday denied that it had decided to postpone the sale of a stake in the New Caledonia nickel mine, saying it is continuing to look for a partner.

Reuters reported on Friday, citing sources, that the mining major would postpone the sale for up to a year after initial bids for the assets came in at the lower end of expectations.

 

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