Vale Renegotiates Railway-Concession Contracts in Brazil

January 3, 2025--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Mining giant Vale S.A. (NYSE:VALE) (Rio de Janeiro, Brazil) has renegotiated its concessions with the Brazilian government for the Carajas Railway and the Vitoria a Minas Railway, allowing it to extend operations until 2057. The concession includes investments worth 11 billion reals (about US$1.7 billion) for the asset base review, the optimization of contractual obligations, and investment replanning. The contracts between Vale and the government were first signed in December 2020, allowing extension for operations through 2057.