{"id":1986075,"date":"2023-07-30T07:43:02","date_gmt":"2023-07-30T11:43:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/saudi-arabias-maaden-to-acquire-10-of-brazil-base-metals-firm-statement\/"},"modified":"2023-07-30T07:44:17","modified_gmt":"2023-07-30T11:44:17","slug":"saudi-arabias-maaden-to-acquire-10-of-brazil-base-metals-firm-statement","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/saudi-arabias-maaden-to-acquire-10-of-brazil-base-metals-firm-statement\/","title":{"rendered":"Ma&#8217;aden of Saudi Arabia to buy 10% of Brazilian base metals company &#8211; announcement"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsaudi-arabias-maaden-to-acquire-10-of-brazil-base-metals-firm-statement%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1986075&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><h2>DUBAI (Reuters) \u2013 Saudi Arabian\u2064 Mining Company Acquires Stake in Brazil&#8217;s \u200dVale<\/h2>\n<\/p>\n<p>Saudi\u200b Arabian Mining Company, known as Ma\u2019aden, has agreed to acquire a 10% stake in\u2062 Brazil\u2019s base \u2063metals company Vale, it said\u200c in a bourse statement on Sunday, as part \u2064of a strategy to invest in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/saudi-arabias-maaden-to-acquire-10-of-brazil-base-metals-firm-statement\/\" title=\"Ma'aden of Saudi Arabia to buy 10% of Brazilian base metals company - announcement\">global mining assets<\/a>.<\/p>\n<p>Ma\u2019aden, through Manara,\u2064 its joint venture established with \u2064the\u2064 Public Investment Fund, on Thursday signed \u200ca \u2062binding agreement \u2062to acquire the 10% stake in Vale Base Metals, based on an enterprise value of $26 billion. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<blockquote><p>\u201cManara\u2019s investment into Vale will play a key role in helping it expand the production of copper and nickel across its asset portfolio,\u200c which are critical to\u200c the development\u200d of new technologies \u200dthat will benefit the global energy \u200dtransition,\u201d the company\u200d statement said.<\/p><\/blockquote>\n<p>The transaction, which will be financed by Ma\u2019aden\u2019s own resources, is subject to regulatory approvals and expected to be completed in \u2063the first quarter of 2024.<\/p>\n<\/p>\n<p>  \u200d (Reporting by\u200c Rachna Uppal; Editing by Angus MacSwan)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/saudi-arabias-maaden-to\/attachment\/file-photo-a-logo-of-the-brazilian-mining-company-vale\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Other News:<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<ul>\n<li>Authorities slap charges against Alabama nursing student Carlee Russell for faking her \u2062own kidnapping.<\/li>\n<\/ul>\n<\/p><\/div>\n<div class=\"entry-content\">\n<ul>\n<li>Democrat and Republican legislators \u200care joining forces to analyze Joe Biden\u2019s Afghanistan withdrawal.<\/li>\n<\/ul>\n<\/p><\/div>\n<div class=\"entry-content\">\n<ul>\n<li>The Hunter \u2062Biden Case Judge lays down the \u2064Law, while Joe denies \u2062Secret Service protection to RFK\u200c Jr.<\/li>\n<\/ul>\n<\/p><\/div>\n<div class=\"entry-content\">\n<ul>\n<li>As the 2024 elections heat\u200c up, multiple \u2064outlets are making their predictions over who will win the presidency.<\/li>\n<\/ul>\n<\/p><\/div>\n<div class=\"entry-content\">\n<ul>\n<li>By David Shepardson (Reuters) -\u2064 The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/national-highway-traffic-safety-administration-clears-way-for-driverless-vehicles\/\" title=\"National Highway Traffic Safety Administration Clears Way for Driverless Vehicles\">backup safety driver<\/a> behind the \u2063wheel of a self-driving Uber Technologies test vehicle that struck and killed\u2026<\/li>\n<\/ul>\n<\/p><\/div>\n<div class=\"entry-content\">\n<ul>\n<li>(Reuters) \u2063- Elon Musk said on Friday monthly users \u200bof social media \u2064platform X, formerly known as Twitter, reached a \u200b\u201cnew high\u201d and\u2026<\/li>\n<\/ul>\n<\/p><\/div>\n<div class=\"entry-content\">\n<ul>\n<li>(Reuters) \u200b\u2013 U.S. President Joe Biden is planning to sign an\u2064 executive order to\u200d limit critical \u2062U.S. technology investments in \u2063China by\u2026<\/li>\n<\/ul>\n<\/p><\/div>\n<div class=\"entry-content\">\n<ul>\n<li>By Joyce Lee SEOUL (Reuters) \u2062- \u200dFrom Intel to Samsung, global chipmakers are celebrating\u200c the beginning of \u2064the end of a semiconductor supply\u2026<\/li>\n<\/ul>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sunday, announced its acquisition of a 10% stake in Vale, Brazil&#8217;s base metals company. This move aligns with Ma&#8217;aden&#8217;s plan to invest in global mining assets and was made possible through its joint venture, Manara, with the Public Investment Fund.<\/p>\n","protected":false},"author":66,"featured_media":1986077,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1986075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1986075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1986075"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1986075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1986077"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1986075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1986075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1986075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}