off-the-wire

Vale, Brazil fail to reach deal for railway concessions renegotiation

Kitco Media
By Reuters
Published:
Updated:
Reuters
Vale, Brazil fail to reach deal for railway concessions renegotiation teaser image

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)

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