Vale transfers mining rights from two Brazilian iron mines to Samarco JV
Vale has completed the transfer of its mining rights in the Alegria and Conta Historia Norte iron ore mines to Samarco, the joint venture the company partially owns, according to Brazilian antitrust council Cade.
As counterparty in the deal, BHP Billiton, the other 50% owner of Samarco, ceded mining rights of the Itajuru and Pitangui mines to Vale.
Read more at: http://www.platts.com/latest-news/metals/saopaulo/vale-transfers-mining-rights-from-two-brazilian-21877309
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