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Vale SA Completes Sale of Ferroalloy Operations in Europe to Glencore International Plc's Subsidiaries
Vale SA announced that it has completed the sale of its manganese ferroalloy operations in Europe to subsidiaries of Glencore International Plc for the price of USD 160 million. Moreover, the Company also contracted Glencore as its marketing agent for metallurgical manganese ore for the period of five years outside Brazil. The manganese ferroalloy operations in Europe are: 100% of Vale Manganese France SAS, located in Dunkerque, France; and 100% of Vale Manganese Norway AS, located in Mo I Rana, Norway.
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