Saudi Mining Company acquires 10% of Brazilian Vale

The Saudi Arabian Mining Company (Ma’aden) announced in a stock exchange disclosure today, Sunday, that it has "agreed to a deal to acquire a 10% stake in Brazilian Vale, a company specializing in base metals, as part of a strategy to invest in global mining assets." The company’s statement said: "The investment in Vale will mainly contribute to helping the company expand its production of copper and nickel through its asset portfolio. These metals are essential for the development of new technologies that will support the global transition towards clean energy."