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Hainan Sanya, China

Brazil court may annul Vale's acquisition of Ferrous Resources

2019-11-07 15:26:02   【Print】
A federal court in Brazil said it could annul Vale SA's acquisition of midsize iron ore miner Ferrous Resources until certain environmental compliance documents have been provided, giving the company 30 days to do so.

Vale said in August that it had to temporarily halt operations at the Viga concentration plant of its newly-acquired Ferrous Resources do Brasil due to "inconsistency in the documents".

.Asian Metal Copyright Vale said in August that it had to temporarily halt operations at the Viga concentration plant of its newly-acquired Ferrous Resources do Brasil due to "inconsistency in the documents".Asian Metal Copyright