Gerdau concludes sale of energy assets to Kinross for $222 mln

By Felipe Peroni / August 02, 2018 / www.metalbulletin.com / Article Link

Brazilian steelmaker Gerdau has concluded the sale of its two hydroelectric plants in the country's mid-western Goi??s state to mining company Kinross Brasil Minera????o.

The Ca??a and Barra dos Coqueiros power units started operations in 2010 and have a total capacity for 155MW. They were sold for a total of 835 million Reais ($222 million).The transaction was first announced in February this year.The move...

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