Acquiring Company
Manara Minerals
Acquired Company
Vale S.A
Riyadh
Rio de JaneiroMiningMineralManufacturingEnergyMiningPrecious MetalsMineralDescription
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.
Quick answer
Manara Minerals is acquiring Vale S.A, announced April 30, 2024. Manara Minerals is based in Riyadh, Riyadh Region, Saudi Arabia.
- How much did Manara Minerals pay for Vale S.A?
- The deal value was not disclosed.
- What does Manara Minerals do?
- Manara Minerals is a joint venture between Ma'aden and Saudi Arabia's Public Investment Fund.
- Where are Manara Minerals and Vale S.A based?
- Manara Minerals is based in Riyadh, Riyadh Region, Saudi Arabia. Vale S.A is based in Rio de Janeiro, Rio de Janeiro, Brazil.
- Who are the decision-makers at Manara Minerals?
- Fundz holds 1 contact at Manara Minerals. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Alcoa Corp. finalizes the acquisition of Alumina Limited, progressing towards a sustainable future (May 20, 2024)
- Treasury Metals to acquire Blackwolf Copper and Gold to expand project pipeline (May 14, 2024)
- Silvercorp Metals Inc. to acquire Adventus Mining Corporation, creating a globally diversified mining company (April 26, 2024)
Who to call at Manara Minerals, and when
When Manara Minerals changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Vale S.A?
Vale S.A was acquired by Manara Minerals, based in Riyadh. The deal was reported on April 30, 2024. Manara Minerals is a joint venture between Ma'aden and Saudi Arabia's Public Investment Fund. Manara Minerals is privately held and operates in Mining.
When did Manara Minerals acquire Vale S.A?
Manara Minerals's acquisition of Vale S.A was reported on April 30, 2024. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Vale S.A do?
Vale S.A. is a Brazilian multinational corporation engaged in metals and mining. It is one of the world's largest producers of iron ore and nickel. It is publicly traded (VALE), operating in Manufacturing, and is based in Rio de Janeiro.
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