Key shareholders of South Africa mining company Metorex say that Vale (VALE) needs to boost its...

|About: Vale S.A. (VALE)|By:, SA News Editor

Key shareholders of South Africa mining company Metorex say that Vale (VALE) needs to boost its $1.13B cash bid by some 35%, saying there are a small number of copper producers, and that Minmetals Resources offered a higher premium in its $6.3B bid for Equinox Minerals (EQXMF.PK).