Noront Resources Ltd. NOSOF

Could this be our Third Bidder - Hummmmm??????

[wheelsonthebuss]

Vale Opens Door to Base Metal Merger Once Its House Is in Order

Mariana Durao and James Attwood

Thu, October 7, 2021, 2:08 PM·2 min read

 

 

 

 

(Bloomberg) -- If iron ore giant Vale SA decides to separate its base metals operations, it may look at the possibility of merging that business with the assets of another company.

Chief Executive Officer Eduardo Bartolomeo opened the door to such a possibility during the Financial Times Mining Summit on Thursday.

The world’s second-largest producer of iron ore continues to weigh up the pros and cons of forming a seperate company with its copper and nickel mines in Canada, Brazil and Indonesia. The goal is to unlock value as the global transition toward clean energy gains momentum. A future merger would help Vale gain scale as new deposits get trickier and pricier to find and develop.

“When you have this vehicle you might find a way to merge with somebody who has synergies with you,” Bartolomeo said. “But this is a second step. First step is to look at yourself, fix yourself.”

Read More: Vale CEO Sees Iron Ore Market Staying ‘Relatively Tight’

Vale became the world’s biggest commercial producer of nickel after taking over Inco in 2006 for about $19 billion. The company calculates the nickel and copper business is worth about $25 billion, a value that’s not reflected in the current single structure.

“When people look at Vale, they look to iron ore,” he said.

The company sees an opportunity to grow in the electric-vehicle supply chain as the world tries to wean itself off fossil fuels.

[wheelsonthebuss]

How much will they Out Bid the Aussies if so ?????  I like $25.00 Offer per share to start - O YAYA !

[lou64]

What Universe are you living in ??? 15 BILLION ????????? LMFAO Bhp offers 325 million and Forest will take the remainder for 270 million  First management been sitting on this WITHOUT RESPONDING and BHP never upped the ante with being out bid by a proposal only  you need to sell swamp land dude

[lou64]

Since resident know it all has tried to convince any dope to listen to his rants ??? He has pimped Monday dollar coming and coming and coming with a third party is about to lay claim to out bid allllllllll with an enormous bid ... When ? After BHP bid expires and it is coming and then Forest says it was merely a proposal ... Here is what I will offer BHP bid stands at 105 days with less

[wheelsonthebuss]

I would be please to take your 55 cent tendered share - all day long - so what are you waiting for lou you MORON .... Monday Open over $1.00 - mark lou's words //./ O YAYA !!!!! GO NOT GO !-)

[lou64]

Point proven ... You are the BIGGEST turkey !!! Enjoy your $ 1 Monday alllllllll by your lonesome

[wheelsonthebuss]

Yes Monday is Turkey Day - Markets Open Tues - and our board MORON - lou the turkey will still be crying as non shareholder of NORONT as it opens @ $1.00 est. ?? - why he persists to give out his BS to this board ???? Nobody cares lou you turkey ...... and remember  DONT SELL DONT TENDER ... the games are on ... will there be a third Bidder .. ie. Vale , Rio , ??? who knows . would be nice to

[RatPatrol]

One roadblock to ANY Vale combination with another company is the "golden share" of control owned by the Brazilian Gov't. BWDIK     DYODD