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Vale: Preliminary talk with Anglo American on Serpentina

ABSTRACT

Vale, the world's top iron ore miner, has had preliminary discussions with Anglo American on the possibility to develop, through partnership, the mineral resources of the Serpentina Project, held by Vale, according to a press release posted on the company's official website on December 28.
Vale noted that such potential partnership aims to "leverage from existing processing and logistics infrastructure at Minas-Rio and Vale's operations," though there is no decision, agreement or commitment to be made yet.   The company also said in its release that "in the ordinary course of business, Vale constantly evaluates strategic alternatives

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