Manara Minerals acquires 10% of Vale Base Metals for $2.5 billion

seekingalpha05-01

Vale S.A. (NYSE:VALE) Tuesday after market close said that it had completed the sale of 10% of Vale Base Metals for $2.5 billion to Manara Minerals, a joint venture between Ma'aden and Saudi Arabia's ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2432254535?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-01 15:54","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2432254535","market":"sh","top_or_hot":-1,"title":"Manara Minerals acquires 10% of Vale Base Metals for $2.5 billion","media":"seekingalpha","content":"<div>\n<p>Vale S.A. (NYSE:VALE) Tuesday after market close said that it had completed the sale of 10% of Vale Base Metals for $2.5 billion to Manara Minerals, a joint venture between Ma'aden and Saudi Arabia's ...</p>\n\n<a href=\"https://seekingalpha.com/news/4097004-manara-minerals-acquires-10-of-vale-base-metals-for-25-billion\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Manara Minerals acquires 10% of Vale Base Metals for $2.5 billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nManara Minerals acquires 10% of Vale Base Metals for $2.5 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-01 15:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4097004-manara-minerals-acquires-10-of-vale-base-metals-for-25-billion><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vale S.A. (NYSE:VALE) Tuesday after market close said that it had completed the sale of 10% of Vale Base Metals for $2.5 billion to Manara Minerals, a joint venture between Ma'aden and Saudi Arabia's ...</p>\n\n<a href=\"https://seekingalpha.com/news/4097004-manara-minerals-acquires-10-of-vale-base-metals-for-25-billion\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VALE","symbol_name":"淡水河谷","start_time":0,"source_url":"https://seekingalpha.com/news/4097004-manara-minerals-acquires-10-of-vale-base-metals-for-25-billion","article_id":"2432254535","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432254535","pubTimestamp":1714550075,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Vale S.A.  Tuesday after market close said that it had completed the sale of 10% of Vale Base Metals for $2.5 billion to Manara Minerals, a joint venture between Ma'aden and Saudi Arabia's Public Investment Fund.   Over the next decade, VBM is expected to invest in new projects across Brazil, Canada and Indonesia, moving towards a significant increase in copper production from 350kt/year to 900kt/year and in nickel production from 175kt/year to 300kt/year.  In July 2023, Vale S.A.  also announced an agreement on a strategic partnership with Engine No. 1 under which the U.S.-based investment firm would own a 3% equity stake in VBM. Source: Press Release","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VALE":"淡水河谷","LU0256859116.SGD":"施罗德拉丁美洲A Acc SGD","BK4109":"特种化学制品","LU0106259046.USD":"施罗德拉丁美洲基金","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0075056555.USD":"贝莱德世界矿业基金A2","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0265266980.USD":"法巴巴西股票基金","LU0572108347.SGD":"Blackrock Latin American A2 SGD-H","BK4566":"资本集团","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","MTX":"Minerals Technologies Inc","LU0072463663.USD":"Blackrock Latin American A2 USD","BK4588":"碎股","BK4548":"巴美列捷福持仓","IE00B1B80R65.USD":"柏瑞拉丁美洲股票A","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","BK4006":"钢铁"},"translate_title":"马纳拉矿产公司以25亿美元收购淡水河谷贱金属公司10%的股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VALE":1,"MTX":1},"content_text":"Vale S.A. (NYSE:VALE) Tuesday after market close said that it had completed the sale of 10% of Vale Base Metals for $2.5 billion to Manara Minerals, a joint venture between Ma'aden and Saudi Arabia's Public Investment Fund.   Over the next decade, VBM is expected to invest in new projects across Brazil, Canada and Indonesia, moving towards a significant increase in copper production from 350kt/year to 900kt/year and in nickel production from 175kt/year to 300kt/year.  In July 2023, Vale S.A. (VALE) also announced an agreement on a strategic partnership with Engine No. 1 under which the U.S.-based investment firm would own a 3% equity stake in VBM. Source: Press Release","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432254535"}