The agreement, valued at approximately BRL 51.3 billion, will be valid for a 15-year period covering December 2026 to December 2041.
In a statement, Vale said that the agreement was disclosed to the public as a "related-party transaction" because the company holds an ownership stake in MRS Logística.
Under the renewed agreement, MRS Logística will provide rail transportation services for Vale's iron ore, pellets, and derivative products. The transportation will be carried out along the railway connecting the loading terminals in the state of Minas Gerais to the port terminals in Rio de Janeiro.
Vale stated that the agreement will support the uninterrupted continuation of the company's iron ore logistics operations and secure its long-term transportation capacity.
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