BRASILIA (dpa-AFX) - Brazilian mining giant Vale SA (VALE) is in talks with Asian mining companies about potential sale of minority stake in its Brazilian iron ore assets, the Bloomberg News reported Friday.
The report specified that the sale could raise up to $7 billion, citing people familiar with the matter.
The report specified that the world's top iron-ore producer may also consider streaming deals. No agreements have been reached, and the talks may not result in a deal, the report added.
Copyright RTT News/dpa-AFX