Vale and Sumitomo to divest 20% stake in Vale Indonesia to Inalum
Brazilian mining company Vale said that its subsidiary Vale Canada and Sumitomo Metal Mining have agreed to sell a 20% stake of Indonesian copper ores company Vale Indonesia to Indonesia Asahan Aluminium (Persero) (Inalum) for a sum of IDR5.52bn ($371m). Vale is selling a stake of 14.9% for about $290 million, while the Japan-based Sumitomo […]