BAUXITE
Primary aluminium producer Norsk Hydro has settled a deal with Brazilian mining company Vale to possibly buy Vale's 40% interest in Brazilian bauxite producer Mineração Rio do Norte (MRN), which would strengthen Hydro's global position as a long-term player in bauxite and alumina. The Norwegian firm on Friday said an eventual agreement would depend on the parties agreeing terms for Hydro to acquire Vale's 40% interest in MRN, completion of Hydro's due diligence process, approval by the parties' boards and by the relevant competition authorities.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access