Vale in kaolin divestment talks
Published: Wednesday, 24 February 2010
Brazilian mining giant negotiating the sale of its Para Pigmentos kaolin business
Vale SA is
negotiating the sale of its kaolin-producing subsidiary Para
Pigmentos SA (PPSA), the Brazilian mining major revealed.
In its Q4 financial report, the company said: As part
of our portfolio management, we have entered into preliminary
negotiations with the intention to sell our subsidiary...