Vale announced late Wednesday that it has concluded the sale of its manganese ferroalloys operations in Europe to subsidiaries of Glencore International Plc. for US$160 million in cash. Vale also contracted Glencore as its marketing agent for metallurgical manganese ore outside Brazil for a period of five years.
The manganese ferroalloys operations in Europe consist of: 100 percent of Vale Manganèse France SAS, located in Dunkerque, France and 100 percent of Vale Manganese Norway AS, located in Mo I Rana, Norway.