Trafigura-led consortium set to table offer for Vale's Goro nickel-cobalt mine

Trafigura is preparing to table an offer for Brazilian miner Vale’s embattled nickel and cobalt operations (VNC) in the French territory of New Caledonia in the South Pacific, sources told Fastmarkets on Tuesday October 20.

Fastmarkets understands that the Geneva, Switzerland-headquartered trading house is part of a consortium with four French companies.
A source said that current negotiations were sufficiently advanced that a credible, funded offer could be made to Vale very soon.
The decision to make the offer as a consortium is understood to enable the sharing of any potential financial risk incurred by the acquisition of the asset.

A Trafigura spokesperson said the company did not comment on potential acquisitions when approached by...

Published

Amy Hinton

October 21, 2020

12:49 GMT

London