April 29, 2020 / 2:24 PM / a month ago

Brazil's Vale receives non-binding offers for New Caledonia assets

RIO DE JANEIRO, April 29 (Reuters) - Brazilian iron ore miner Vale SA 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 Wednesday call, executives said they expect to have relevant news within a month or two. The company announced in December it was putting its nickel assets in New Caledonia on the block, after a $1.6 billion write down in November related to the New Caledonia operation. (Reporting by Gram Slattery and Marta Nogueira, Editing by Franklin Paul)

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