Vale discloses $1.8B railway concessions deal with Brazil government (NYSE:VALE)

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A train loaded with brown hematite iron ore in the hills

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Vale (NYSE:BUT:) reached an agreement with the local authorities pay up to ~11B reais ($1.78 billion) to renegotiate two railway concession contracts, Reuters reported on Monday, citing Brazilian securities filings.

Vale (BUT:) said it agreed on general terms

 
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