The logic of Vale’s Paranapanema takeover
- By: John P Sykes
Posted in: Blog, Commodities, Mining
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Vale has announced it will buy Brazilian copper smelter-refiner, Paranapanema, for BRL2.01 billion (US$1.14 billion). Paranapanema is Brazil's largest copper smelter-refiner, owning the Caraíba Metais facilities, which also manufacture semi-finished copper products such as rod and wire. Paranpanema also owns CibrafErtil, a phosphate fertiliser plant. With the copper smelting industry facing the double problem of acquiring copper concentrate raw materials…
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