Resource Global Network | New Caledonia mine

08 Sep New Century’s proposed deal for Vale’s New Caledonia asset falls through

Posted at 08:59h in Mining

Vale is set to place its Goro nickel and cobalt mine in New Caledonia on care and maintenance after Australian miner New Century Resources failed to submit a binding offer for the operation. After the exclusivity period that the companies entered into in May lapsed on...

06 Dec Vale in $550 million deal to buy iron ore miner Ferrous Resources

Posted at 08:57h in Mining

Vale SA, the world’s top nickel producer, will acquire fellow Brazilian miner Ferrous Resources in a US$550 million deal that was confirmed by the latter firm’s controlling shareholder Icahn Enterprises LP. Iron ore-focused Ferrous will merge into a company controlled by Vale, according to a securities...

New Caledonia mine Tag

08 Sep New Century’s proposed deal for Vale’s New Caledonia asset falls through

06 Dec Vale in $550 million deal to buy iron ore miner Ferrous Resources

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