Vale’s base metals IPO conditional upon 'appropriate' nickel, copper prices

Brazil’s mining major Vale will proceed with an initial public offering of a minority stake in its base metals division only if nickel and copper prices reach “appropriate” levels, according to a company executive.

The world’s leading nickel producer has been working on plans to sell 25-30% of its base metals business, Vale’s investor relations director Rogério Nogueira said on Wednesday June 24. The...

Published

Danielle Assalve

June 24, 2015

18:00 GMT

São Paulo