Vale Sells $800 Million of Future Gold Output to Ease Debt Load

Updated on
  • Accord boosts Silver Wheaton’s gold share in Salobo to 75%
  • Vale looking to reduce debt to $15 billion from $27 billion

Vale SA sold more of its future gold output to Silver Wheaton Corp. as the Brazilian miner strives to lighten a $27 billion-plus net debt load, the industry’s biggest after Glencore Plc’s.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.