| African Development Bank approves loan for Vale Nacala rail plan | |
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RIO DE JANEIRO, Dec 17 (Reuters) - The African Development Bank approved a plan to provide as much as $300 million to help Brazilian mining company Vale SA finance the expansion of the Nacala logistics corridor in East Africa, Vale said in a statement on Thursday. The Nacala corridor links areas in Zambia, Malawi and Mozambique with the port of Nacala on Mozambique's Indian Ocean coast and will help Vale move coal from its Moatize coal mine in Mozambique to markets around the world. Japanese trading group Mitsui Co also owns a 15 percent stake in the Nacala corridor project. (Reporting by Jeb Blount; Editing by Tom Brown)
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Vale
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EXPLORATION STAGE |
CODE : VALE3.SA |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Vale is a producing company based in Brazil. Its main exploration property is GALIURO in USA. Vale is listed in Brazil and in France. Its market capitalisation is BRL 333.3 billions as of today (US$ 150.8 billions, € 140.9 billions). Its stock quote reached its lowest recent point on February 19, 2016 at BRL 10.51, and its highest recent level on August 27, 2021 at BRL 99.80. Vale has 5 244 319 744 shares outstanding. |