Vale Mining Will Transport 3.2 Million Tons of Iron Ore via Hidrovias do Brasil in 2021

Written by Valdemar Medeiros

Published on 16/10/2020 at 09:34

Updated on 16/10/2020 at 09:44

MINERAÇÃO CRÉDITO: REPRODUÇÃO

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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.

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.

Vale Mining Will Transport 3.2 Million Tons of Iron Ore via Hidrovias do Brasil in 2021

The Mineradora Vale Informed That It Wishes to Move the Maximum Volume of Iron Ore Through Hidrovias do Brasil

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Vale Informs That It Will Move the Maximum Volume of Iron Ore

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Vale Mining Will Transport 3.2 Million Tons of Iron Ore via Hidrovias do Brasil in 2021

The Mineradora Vale Informed That It Wishes to Move the Maximum Volume of Iron Ore Through Hidrovias do Brasil

Read Also

Vale Informs That It Will Move the Maximum Volume of Iron Ore

About the Contract Between Vale and Hidrovias do Brasil

Hidrovias do Brasil

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China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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