Vale planning to sell stake at nickel operation in New Caledonia

摘要

Brazilian miner Vale is looking for a partner to its loss-making nickeloperations in New Caledonia (VNC), while the company carries out awider review of its low performing assets.Vale is said to be in talks with a number of Chinese companies forthe sale of a stake in VNC. Shenzhen-based Gem Co is mentioned inmedia reports.A spokesman for Vale confirmed on Thursday October 19 that thecompany is “seeking a partner” for VNC, but declined to comment ona potential partner or a schedule for the deal.