Brazilian court removes hurdle blocking Vale acquisition of Ferrous Resources

A Brazilian federal court has removed a major hurdle keeping mining major Vale from acquiring fellow miner Ferrous Resources.

An injunction from a Brazilian court issued on November 8 blocked the acquisition and required Vale to provide proof that it would implement international environmental compliance standards.

But the federal court nullified the injunction on December 5 following an appeal by Vale, according to...

Published

Felipe Peroni

December 24, 2019

16:55 GMT

São Paulo