Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its CEO Eduardo Bartolomeu said on Thursday.
“We don’t see any impact on the Minas-Rio deal. It’s being done, of course, by Anglo and will be respected by whoever comes after, if they come after,” said the CEO during a conference call with analysts on the firm’s first-quarter results.
Questioned about potential interest in Anglo’s assets, Bartolomeo also said that Vale would “clearly” be interested, but that it has “better options in-house”.
“We are much more interested in accelerating and executing our projects,” said the executive.
(By Marta Nogueira; Editing by Steven Grattan)
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