Preliminary Discussions Underway to Explore Joint Development of Serpentina Iron Ore Resource
UK mining giant Anglo American has announced initial talks with Brazilian mining company Vale regarding a possible partnership to develop Vale’s Serpentina iron ore project in Brazil. Located adjacent to Anglo American’s Minas-Rio operation, Serpentina presents a promising opportunity for resource sharing and joint expansion.
Anglo American clarified that discussions are in the early stages, with no guarantees on reaching an agreement or details on the potential terms or project scope. Both companies see potential benefits from collaborating on the resource, though no final decision has been made.
