🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Reuters: Vale negotiating BHP exit from Samarco JV

Published 01/03/2018, 04:04 PM
© Reuters.  Reuters: Vale negotiating BHP exit from Samarco JV
VALE
-
BHP
-
  • Vale (NYSE:VALE) is in talks with BHP Billiton (NYSE:BHP) over the future of their Samarco joint venture, with one option under discussion is for Vale to buy out its partner, Reuters reports.
  • A price has not been set for any buyout, according to the report, which also says a move would depend on BHP’s willingness to exit Samarco, which is the company's only iron ore operation it owns outside Australia.
  • Samarco has not operated since November 2015 following a tailings dam burst and flood that killed 19 people, and Vale is said to believe the venture could return to operations sooner with a sole owner.
  • Now read: Earthstone Energy: Assets And Operations Of This Undervalued Midland Gem


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.