Vale, Brazil fail to reach deal for railway concessions renegotiation

Vale said on Thursday that it has not reached a consensus with the Brazilian government and local land transport agency ANTT for the renegotiation of two railway concession contracts within a previously established deadline.

In a securities filing, Vale said the contracts for the Carajas and Vitoria-a-Minas railway concessions, which in 2020 had been extended until 2057, remain in effect.

(By Andre Romani; Editing by Leslie Adler)

Reuters

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Vale, Brazil fail to reach deal for railway concessions renegotiation

By Reuters

Reuters

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