Vale says loss-making New Caledonia nickel operations under review

July 3, 2017

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Brazil’s Vale is reassessing its loss-making New Caledonian nickel operations as part of a wider review of low performing assets after new Chief Executive Fabio Schvartsman took charge last month, a spokesperson said. “Under the leadership of our new CEO, Vale is reviewing all assets and operations, with low-performing assets an area of particular focus. Vale New Caledonia is part of that review,” spokesperson Cory McPhee told Reuters by email.

Category: General