Vale divests European manganese ferroalloy operations

Friday, 02 November 2012 00:56:12 (GMT+3)   |  
       

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.


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