Vale Says Base Metals Unit May Be Worth Up to $35 Billion

Vale wants to be prepared for an initial public offering of the unit, the company’s largest business after iron ore, CFO Luciano Siani said in an interview with Betty Liu on Bloomberg Television today. The nickel and copper unit may be worth between $30 billion and $35 billion, he said.

Read more at: http://www.businessweek.com/news/2014-12-02/vale-says-base-metals-unit-may-be-worth-up-to-35-billion

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