Vale Base Metals Boss Says Unit Aims to Be IPO-Ready by 2027
The new boss of Vale SA 's base metals unit has reiterated a target of getting the sprawling nickel-and-copper business ready for a potential initial public offering by 2027, if not sooner.
Veteran mining executive Shaun Usmar was appointed as chief executive officer of the Toronto-based Vale Base Metals eight months ago with a goal of turning around the struggling division, against a backdrop of slumping nickel and cobalt prices.
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