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03 Feb
12:10

Vale signs new Mitsui iron ore supply contract

Vale says it has signed a new agreement to supply iron ore to Japanese trading house Mitsui & Co as a related party transaction, Kallanish reads in a note issued by the Brazilian miner. The miner has agreed to supply 1 million tonnes of iron ore to its partner in January-December 2022. “The value of the supply will vary according to the raw material’s price, volume sold and foreign exchange, since the contract is in line with market…
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