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Brazil’s Vale denies postponing sale of New Caledonia mine stake

Reuters | November 20, 2017 | 10:17 am Base Metals Europe Latin America Nickel 

BRASILIA, Nov 20 (Reuters) – Brazil’s Vale SA in a securities exchange filing on Monday denied that it had decided to postpone the sale of a stake in the New Caledonia nickel mine, saying it is continuing to look for a partner.

Reuters reported on Friday, citing sources, that the mining major would postpone the sale for up to a year after initial bids for the assets came in at the lower end of expectations.

(Reporting by Jake Spring; editing by Jason Neely).

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