Cia. Vale do Rio Doce, the world’s No. 1 iron-ore producer, expects to receive regulatory approval from Europe and Canada for its $17.3 billion takeover of Canada’s Inco Ltd., the world’s No. 2 nickel miner, by Oct. 16, allowing it complete the agreement without further delay.

Rio de Janeiro-based Vale has also received $30 billion in offers from banks to help finance the purchase since it made the offer in August, said Roger Agnelli, 46, Vale’s chief executive office, at a ceremony to mark the opening of the opening of a ThyssenKrupp steel mill in the suburbs of Rio de Janeiro.

Vale may also receive loans from Brazil’s state development bank, BNDES, to refinance a bridge loan being arranged by UBS AG, Credit Suisse, ABN Amro Bank NV and Banco Santander Central Hispano SA, Agnelli said.

To contact the reporter on this story: Jeb Blount in Rio de Janeiro at jblount@bloomberg.net