Vale participates in early extension process of railway concessions
SAO PAULO / RIO DE JANEIRO (Reuters) - Brazilian mining company Vale said on Monday it was participating in the early extension process of its two railroad concessions.
SAO PAULO / RIO DE JANEIRO (Reuters) - Brazilian mining company Vale said on Monday it was participating in the early extension process of its two railroads Carajás Railroad (EFC) and Vitória Minas Railroad (EFVM). expire in 2027, as reported to the market.According to the company, approval for the early extension of the concessions will be submitted to the Board of Directors, "after consideration of the counterparts required by the federal government, to be officialized after the public hearings stage."The company did not detail the conditions sought for the extension of the concessions.Inaugurated in 1985, the Carajás Railroad is 892 kilometers long, linking the world's largest open pit iron ore mine in Carajás, in southeastern Pará, to the Ponta da Madeira Port in São Luís (MA). , according to information on the company's website.Its tracks carry 120 million tons of cargo and 350,000 passengers a year, Vale reports.EFVM, inaugurated in 1904, in the S...
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