- Vale (NYSE:VALE) is looking to raise cash but may find it easier to dispose of giant ships and part of its stake in a rail logistics business before selling mining assets, Reuters reports, citing four sources with knowledge of the situation.
- With several cash-raising options discussed earlier now looking more problematic as the risk associated with both Brazil and mining-related investments continues to mount, selling a group of Valemax ore carriers and disposing of all or part of a 43.8% stake in rail freight firm MRS Logística are said to have become the best options for Vale.
- Vale has to fill a $1.4B cash flow shortage this year, according to analyst estimates.