November 20, 2017 / 11:39 AM / in a year

Brazil's Vale denies postponing sale of New Caledonia mine stake

BRASILIA, Nov 20 (Reuters) - Brazil’s Vale SA in a securities exchange filing on Monday denied that it had decided to postpone the sale of a stake in the New Caledonia nickel mine, saying it is continuing to look for a partner.

Reuters reported on Friday, citing sources, that the mining major would postpone the sale for up to a year after initial bids for the assets came in at the lower end of expectations. (Reporting by Jake Spring; editing by Jason Neely)

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