Media: Large-scale mining collaboration falls through
A collaboration between two of the world's largest miners, Vale and Fortescue, to supply iron ore for China has gone down the drain. The venture would have competed directly with Rio Tinto and could have seen Vale pick up a stake in Fortescue.
by DANIEL LOGAN
Brazil's Vale and Australian Fortescue – the world's largest and fourth-largest iron ore miner, respectively – have called off an announced large-scale collaboration to mix and supply iron ore to China, informs Fortescue according to Reuters.
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