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31 Jan
09:05

Vale receives approval for iron mines' sale

Brazilian miner Vale has received approval, without restriction, from the Brazilian authorities to conclude the sale of the Emesa and Santanense iron ore mines to Mineração Serra Azul (MSA). The company is part of the AVG Group, which operates in the iron ore, steel and energy sectors. The agreement does not involve anti-competitive conduct, says the country’s trade defence agency Conselho Administrativo de Defesa Econômica in a note…
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