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The Mineradora Vale Informed That It Wishes to Move the Maximum Volume of Iron Ore Through Hidrovias do Brasil
And to end the week on a high note, it’s time to talk about good things: Vale will transport more than 3 million tons of iron ore through Hidrovias do Brasil next year.
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Vale Informs That It Will Move the Maximum Volume of Iron Ore
Hidrovias do Brasil informed that its subsidiary Girocantex received communication from Mineração Corumbaense Reunida (MCR), a subsidiary of Vale, stating that for the year 2021 it will move the maximum contractual volume provided in the contract and, therefore, will dedicate 8 convoys for the provision of services.
The announcement was made on the night of this Tuesday (13). The company debuted on B3 on September 25. The logistics company priced its shares at R$ 7.56 each, at the bottom of its estimated price range, according to data available from the Comissão de Valores Mobiliários (CVM).
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About the Contract Between Vale and Hidrovias do Brasil
The contract, celebrated in a take or pay mode by Vale, aims to provide transportation services of up to 3.250 million tons of iron ore per year on the Hidrovias do Brasil – Paraguay-Paraná, for a period of 25 years.
Hidrovias do Brasil
Hidrovias do Brasil is a company of integrated logistics solutions, born from a startup funded by the Pátria Investment Fund. They have been operating for over 8 years with consistent projects to meet, in a personalized and innovative manner, the needs of their clients.
The differentiator is to deeply understand the business of their partners and their needs to propose the best logistical solution in medium and long-term partnerships.
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