Saudi's PIF is lead bidder for $2.5b stake in Brazilian miner Vale's operations: report

Saudi's PIF is lead bidder for $2.5b stake in Brazilian miner Vale's operations: report

Photo: Vale website

Saudi Arabia’s Public Investment Fund (PIF) is emerging as the leading bidder to acquire a $2.5 billion stake in Brazilian miner Vale’s nickel and copper operations, Bloomberg News reported on Tuesday.