In the next few days, the Chinese group Baiyin Nonferrous is expected to take control of the Vale Verde mining company, located in the municipality of Craíbas, in the Agreste region of Alagoas. According to the newspaper O Estado de São Paulo, the Chinese group is expected to pay the equivalent of US$ 500 million for the acquisition.

The mining company - which belongs to British private equity manager Appian Capital Advisory - operates the Serrote copper mine, one of the metals expected to be in high demand in the market due to the energy transition.

In 2023, Mineração Vale Verde shipped more than 105,000 tons, including approximately 26,000 tons of contained copper, to Finland and China.

The Baiyin group specializes in the mining, smelting, production and sale of non-ferrous metals in China and this is the first time the group is operating in Brazil.

(Source: al102, February 26)