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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.
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