Brazilian iron-ore miner Vale has received non-binding offers for its nickel mining operations on the Pacific island of New Caledonia, an executive said in a call with analysts on Wednesday.
On the call, Vale base metals chief Mark Travers said the company received the offers in late February. While the full economic effects of the coronavirus pandemic were not felt until March, he said negotiations were still progressing successfully with potential buyers. Vale expects to have relevant news on a potential deal within a month or two, he added.