21
Feb
08:36
Vale to change shareholder agreement, absorb Valepar
Brazilian miner Vale announced on Monday that it will gradually phase out its existing shareholder agreement, Kallanish learns from a company release. This is being replaced by a new agreement.
The new agreement is set to dismantle Valepar, the existing administrative entity with major financial control over Vale, by absorbing the former into Vale SA. The new shareholder agreement will come into force on 10 May 2017 upon expiration of the previous agreement, the…
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Anonymous
Very good overview of the weekly steel market.
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