Brazilian exploration titan Vale SA( VALE, VALE3.BR, VALE5.BR) is in speaks along with Eastern mining business about marketing a minority concern in its Brazilian iron zinc assets, Bloomberg News disclosed Friday.
People aware of the concern told Bloomberg that a purchase can elevate around $ 7 billion.
Meanwhile, Reuters disclosed that plant food maker Mosaic Co. (< a href =" http://www.nasdaq.com/symbol/mos "> MOS )is actually in conversations to purchase Vale’s fertilizer system.
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(EDGE) Dow Jones Newswires 06-17-162030ET Copyright (c) 2016 Dow Jones & & Company, Inc.
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