Manara Minerals completes acquisition of 10% stake in Vale Base Metals Limited
Apr 30, 2024•over 1 year ago
Acquiring Company
Manara Minerals
Acquired Company
Vale
Riyadh
Rio de JaneiroMineralMiningMineralPrecious MetalsMiningEnergyManufacturingDescription
Manara Minerals, a joint venture between Ma'aden and Saudi Arabia's Public Investment Fund, has successfully acquired a 10% stake in Vale Base Metals Limited for approximately US$2.5 billion. This strategic partnership aims to accelerate value generation from VBM's high-quality asset portfolio and advance the global energy transition by significantly increasing copper and nickel production over the next decade.
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