Platts Acquires Metals Data Provider Minerals Value Service

Platts already held a stake in MVS, and will now take over the entire operations.

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Platts has been the exclusive distributor of MVS's web-based value-in-use tool─which miners, mills and traders can use to calculate the value of iron ore in specific buying and selling scenarios─since taking an undisclosed stake in MVS in October 2013.

The acquisition will enable MVS to fully leverage Platts' marketing, sales and product development teams to accelerate growth.

"We are excited to join the Platts team," says MVS managing director James Rilett in a statement. "A full acquisition by

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