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Vale

Vale SA

Former Xstrata CEO considering bid for Vale's nickel assets

Former Xstrata Plc Chief Executive Mick Davis is considering a bid for Vale SA's (VALE5.SA) (VALE.N) nickel business, Bloomberg reported.

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Jim Chanos

Chanos takes profit on his top 2014 short sale - Brazil

Hedge fund manager Jim Chanos, the prominent short-seller, said Tuesday he has lightened up on some of his bets against Brazil, saying most of the country's downside risk is priced in after the sharp selloff over the past two months.

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Steel bars at Qingdao, Shandong province

China steel demand shrinks for first time in 14 years as slowdown stings

China's steel consumption dropped this year for the first time since at least 2000 due to slower economic growth, leading to a surplus of iron ore in the country and a more than 40 percent plunge in prices of the steelmaking raw material.

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Vale

Brazil mining giant Vale to auction Log-In Logistica stake, Fosbrasil capital

Brazil-based iron ore mining giant Vale said it will sell its stake in Brazilian logistics firm Log-in Logistica International and auction its capital in phosphoric acid firm Fosbrasil.

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Vale

Brazilian miner Vale agrees to divest VLI stake to Brookfield for $842M

Brazil-based iron ore miner Vale agreed to sell a stake in logistics company VLI SA to Canadian firm Brookfield Asset Management in a deal valued at BRL2 billion ($842.78 million).

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Telefonica's building in central Madrid

Top deals of the day - mergers & acquisitions

The following bids, mergers, acquisitions and disposals were reported on Monday.

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An employee talks to a visitor at the reception desk of the Rio Tinto Limited Shanghai Representative Office in Shanghai August 5, 2010. REUTERS/Stringer

Rio Tinto approves $3.7 billion Australia iron ore expansion

Rio Tinto (RIO.AX) (RIO.L) will spend $3.7 billion to boost its Australian output of iron ore.

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