Brazil Transports Minister Renan Filho Says Agreement With Miner VALE Over Railways Concession Is 'Mature', Could Be Signed This Month
Portfolio Pulse from Benzinga Newsdesk
Brazil's Transport Minister Renan Filho announced that an agreement with miner VALE over a railways concession is 'mature' and could be signed this month.
June 12, 2024 | 7:49 pm
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An agreement between Brazil's Transport Ministry and VALE over a railways concession is nearing completion and could be signed this month.
The finalization of a railways concession agreement would likely enhance VALE's logistics and transportation capabilities, potentially reducing costs and improving efficiency. This could positively impact VALE's stock price in the short term.
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