[miningmx.com] – X2 RESOURCES, the company founded by former Xstrata CEO, Mick Davis, is considering bidding for the nickel business of Vale, said Bloomberg News which cited two people familiar with the proposal.
Davis, who has raised about $5bn from private investors, was linked with a bid for the copper mines of Anglo American in November last year. Vale’s nickel business is valued at between $5bn and $7bn.
X2 declined to comment on the potential bid. Rio-based Vale told Bloomberg News it hasn’t received any proposal or held talks with X2 about its nickel assets.
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