On July 28, Vale updated its statement on "exclusivity negotiations on the sale of New Caledonia assets." Vale issued the latest announcement stating that the two parties agreed to extend the negotiation period by 45 days so that New Century Resources can complete due diligence and negotiate transaction documents.
Vale owns the Goro nickel-cobalt mine, as well as processing plants and port facilities, and is currently undergoing business restructuring. The company hopes to sell nickel ore, and at the same time, give priority to the production of spherical nickel hydroxide (NHC) to meet the needs of the battery industry.
In December 2019, the New Caledonia plant was listed for sale due to a loss of hundreds of millions of dollars. On May 25, 2020, Vale announced that its subsidiary Vale Canada Limited (VCL) and Australia New Century Resources Limited (NCZ) have sold its VNC (Nouvelle-Calédonie S.AS) in New Caledonia. ) Was negotiated and an exclusive agreement was signed.
