Alcoa Inc. (NYSE: AA, ASX: AAI) has entered into a binding share purchase and subscription agreement with Saudi Arabian Mining Company (Ma’aden) to sell its entire 25.1% ownership stake in their joint venture for approximately $1.1 billion. This deal includes approximately 86 million Ma’aden shares, valued at $950 million based on the volume-weighted average share […]
Vale, a global leader in the metals industry, has entered into a binding agreement with Manara Minerals, a joint venture between Ma’aden and Saudi Arabia’s Public Investment Fund. Simultaneously, investment firm Engine No. 1 has agreed to invest under identical terms in Vale Base Metals Limited (VBM), the holding entity for Vale’s energy transition metals […]
