- Glencore (GLCNF.PK) and Vale (VALE) have revived talks over a potential combination of their nickel operations in Canada's Sudbury basin, in an effort to cut costs amid weak prices for the metal, Reuters reports.
- Depending on the details of a potential deal, sources say a tie-up could mean substantial savings for both miners, if all or part of their mining, milling and even smelting operations are brought together.
- Analysts have long said a tie-up would make sense for the two operators, but the tough nickel market, pressure on Vale over nickel difficulties at its Goro nickel-cobalt mine in New Caledonia and elsewhere, may make a deal more likely than in the past.
From other sites
at MarketWatch.com (Jan 16, 2015)
at MarketWatch.com (Aug 27, 2014)
at CNBC.com (Jun 19, 2014)
at CNBC.com (May 29, 2014)
at MarketWatch.com (May 22, 2014)
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