Codelco caps worst year in quarter century with production drop
Production for the last three months of the year was 358,000 metric tons, compared with about 384,000 tons in the fourth quarter of 2022.
Vale on Thursday announced a binding agreement with Ananke Alumina, a subsidiary of Norsk Hydro, to sell its 40% stake in Mineração Rio do Norte (MRN).
MRN is Brazil’s largest bauxite producer and exporter, located in the Porto de Trombetas region in western Para. The company is a joint venture between Vale (40%), South32 (33%), Rio Tinto (12%), CBA (10%), and Hydro (5%).
The value of the deal was not disclosed.
(By Leticia Fucuchima and Steven Grattan; Editing by Bernadette Baum)
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