FILE PHOTO: The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. REUTERS/Washington Alves/File Photo
SAO PAULO, Sept 29 (Reuters) – Brazilian miner Vale SA announced on Thursday a reorganization of its base metals business in Brazil, saying it will transfer its copper assets in the country to Salobo Metais SA and its nickel assets to a new company to form.
Vale will continue to be the owner of these assets and said that with the measure it seeks to achieve “greater efficiency.”
The company also said that there is currently no decision regarding new transactions involving its base metals business.
(Information by Gabriel Araujo, edited in Spanish by Aida Peláez-Fernández)