Industry News

Vale sells nickel assets to New Century Resources

Views : 229
Update time : 2020-06-17 12:28:41
It was reported that Vale finally decided to sell its assets to New Century Resources in Australia. Vale hoped to sell 95% of the shares in the New Caledonia nickel plant.

As part of the sales plan, Vale is closing its recombination refinery, which has also challenged the survival of some business entities and contractors in southern New Caledonia.

In order to sell iron ore, Vale needed to persuade the New Caledonia government to change mining regulations to allow the iron ore to be processed locally. However, some politicians insisted that the mining law remained unchanged, and stated that Vale should send the exporting iron ore to a factory with the right and interest in Northern New Caledonia.
Related News
Read More >>
Iran witnesses marginal drop in aluminium production from seven months to end of October Iran witnesses marginal drop in aluminium production from seven months to end of October
Nov .12.2024
Iran witnesses marginal drop in aluminium production from seven months to end of October
Nigeria’s power woes deepen as vandals steal aluminium conductors from line one, says TCN Nigeria’s power woes deepen as vandals steal aluminium conductors from line one, says TCN
Nov .12.2024
Nigeria’s power woes deepen as vandals steal aluminium conductors from line one, says TCN
Alumina prices in two Chinese provinces shoot up 45% M-o-M; average market pricing comes to RMB 5490/t Alumina prices in two Chinese provinces shoot up 45% M-o-M; average market pricing comes to RMB 5490/t
Nov .12.2024
Alumina prices in two Chinese provinces shoot up 45% M-o-M; average market pricing comes to RMB 5490/t
Aluminium profiles manufacturer Winstar Capital Bhd moves towards IPO with TA Securities Aluminium profiles manufacturer Winstar Capital Bhd moves towards IPO with TA Securities
Nov .12.2024
Aluminium profiles manufacturer Winstar Capital Bhd moves towards IPO with TA Securities