12
Jul
09:39
Vale/Ferrous Resources merger hearing continues
Brazilian miner Vale must submit environmental compliance, compensation and reparation programmes to complete the acquisition of fellow iron ore producer Ferrous Resources Limited, according to the country’s 5th Federal Court. Brazil’s antitrust body (Cade) had already approved the deal, Kallanish notes.
“Due to the Mariana and Brumadinho dam ruptures, Vale - which operated either directly or indirectly the mines where the accidents happened - …
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Very good overview of the weekly steel market.
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