Forbes - Markets
Vale's Sale Of Stake In MBR Reflects Impact Of Weak Iron Ore Prices
MBR is a Vale subsidiary which represents a part of the company?s ownership in its Southern System of integrated iron ore production, transportation, and port shipment networks. The assets represented by MBR accounted for 65 million tons, or around 20%, of Vale?s consolidated iron ore production in 2014. What is noteworthy about the MBR stake sale is the fact that it represents a stake sale in Vale?s iron ore business, which is the cornerstone of the business of the world?s largest iron ore producer. The sale of a stake in Vale?s core business is a reflection of the dire straits of the iron ore market.
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