Brazilian mining Vale wants to invest in Australian iron ore assets with Fortescue Metals but says it is less keen to take the option of an equity stake in Fortescue that was worked into a deal framework between the pair last month.
In fact, Vale, which is battling Rio Tinto this year for the title of world’s biggest iron ore miner, says an option in the non-binding deal to take a 5 to 15 per cent stake in Fortescue was not something Vale had pushed for.
On Thursday night, Vale made its first detailed comments on the March 8 preliminary deal to blend iron ore with Fortescue in China, co-invest in some of Fortescue’s existing or new Australian assets and potentially take the equity stake.
Vale chief financial officer Luciano Siani said taking a stake in Fortescue was “more of a theoretical possibility” and something that the company did not now have the balance sheet to pursue.
“We didn’t especially look for it,” Mr Siani told investors on Thursday night when asked about Vale’s intention to invest in Fortescue.
Seeing a steel sheet mill (rolling mill) U $ 380,000 can send photos and specifications, if there is interest.
ResponderExcluirI await the answer via e-mail: maurotecmec@hotmail.com
Thankful: Mauro.
Vendo uma fábrica de chapas de aço (unidade de laminação) U$ 380.000 posso enviar fotos e especificações, caso haja o interesse.
Aguardo a resposta via e-mail: maurotecmec@hotmail.com
Grato: Mauro.