Vale sees no impact from BHP-Anglo deal on Minas-Rio project
Minas Rio iron ore mine in Brazil. (Image courtesy of Anglo American via Flickr.)
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its CEO Eduardo Bartolomeu said on Thursday.
“We don’t see any impact on the Minas-Rio deal. It’s being done, of course, by Anglo and will be respected by whoever comes after, if they come after,” said the CEO during a conference call with analysts on the firm’s first-quarter results.
Questioned about potential interest in Anglo’s assets, Bartolomeo also said that Vale would “clearly” be interested, but that it has “better options in-house”.
“We are much more interested in accelerating and executing our projects,” said the executive.
(By Marta Nogueira; Editing by Steven Grattan)
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