Ma’aden Completes 10% Acquisition of Vale Base Metals Stake
Ma’aden says its Manara Minerals joint venture has completed the purchase of a 10% stake in Vale Base Metals, following a July 2023 binding deal for $2.6 billion. The move, backed by Ma’aden’s Public Investment Fund ownership, is intended to accelerate value creation and support Saudi Vision 2030 and demand for green metals.