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Vale Renegotiates Railway Concessions Deal, Commits $1.8B Investment
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Vale Agrees to $1.78 Billion Railway Concessions Deal in Brazil
Vale SA (VALE.US) has reached a $1.8 billion railroad concession agreement with the Brazilian government.
Vale SA (VALE.US) announced in a securities document on Monday that it has reached an agreement with the local government to pay up to approximately 11 billion reais (1.78 billion dollars) to renegotiate two railroad concession contracts.
From January to November, the total fixed asset investment in the national mining industry increased by 10.3%, while the fixed asset investment in private mining increased by 16.5%.
From January to November, the fixed Assets investment in the national mining industry increased by 10.3% year-on-year, among which the investment in black Metal mining and selection industry increased by 8.3%, 2.0 percentage points lower than the national mining industry.
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