Vale Base Metals Boss Says Unit Aims to Be IPO-Ready by 2027

The new boss of Vale SA’s base metals unit has reiterated a target of getting the sprawling nickel-and-copper business ready for a potential initial public offering by 2027, if not sooner.

Veteran mining executive Shaun Usmar was appointed as chief executive officer of the Toronto-based Vale Base Metals eight months ago with a goal of turning around the struggling division, against a backdrop of slumping nickel and cobalt prices.