Vale in kaolin divestment talks

By IM prices reporter
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...

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