Deals
Vale Said in Talks With Asia Buyers for Stake in Brazil Iron Ore
- Asset sale could raise up to $7 billion in debt-cutting plan
- Mining company also said to be considering streaming deals
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Vale SA is holding discussions with Asian mining companies about a potential sale of a minority stake in its Brazilian iron-ore assets that could fetch as much as $7 billion, according to people familiar with the matter.
The world’s top iron-ore producer may also consider streaming deals, the people said, asking not to be identified as the information is private. No agreements have been reached, and the talks may not result in a deal, the people said.