Vale takes 30% of Ligga iron ore mine in $190M deal
Published . Updated .
Vale plans to help quadruple Ferro Sul output after Brazil’s stock exchange sought details on the previously undisclosed deal.
Directly affected
- No company is named in this report.
Indirectly affected
- SPY SPDR S&P 500+1.6%
The broad U.S. stock market
- TLT iShares 20+ Year Treasury Bond-1.8%
Long-term U.S. government bonds
- QQQ Invesco QQQ+2.3%
Large technology stocks
- GLD SPDR Gold Shares-3.3%
Gold can move with the broad market
Price reaction, T-5 to T+3
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Vale plans to help quadruple Ferro Sul output after Brazil’s stock exchange sought details on the previously undisclosed deal.
Source: Mining.com
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12 out of 100
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