On December 2 local time, Vale sa announced that the prerequisites have been met, and a partnership has been established with Anglo American. Vale sa has thus obtained a 15% stake in Anglo American Minério de Ferro Brasil S.A., which currently owns the Minas-Rio integrated operation area. With the completion of the trade, Anglo American will now own the Serra da Serpentina assets that were previously owned by Vale sa. According to the terms of the agreement, Vale sa not only contributed the Serra da Serpentina assets but also paid 30 million US dollars to Anglo American. Anglo American will continue to control, manage, and operate the Minas-Rio integrated operation area, including any future expansions.