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Vale Reaches $3.5B Railway Agreement with Brazilian Government

Vale S.A. (VALE3) has secured a significant R$17 billion ($3.5 billion) agreement with the Brazilian government for the renegotiation of its railway concessions. The deal, announced on December 30, 2024, includes a R$11.3 billion ($2.3 billion) commitment for the Carajás Railroad and Vitória-Minas Railroad concessions. Additionally, it includes R$6 billion ($1.2 billion) for a new […]