Vale Discloses $1.8B Railway Concessions Deal With Brazil Government (NYSE:VALE)

Vale discloses .8B railway concessions deal with Brazil government (NYSE:VALE) — BeyondImages/iStock via Getty Images

Vale (NYSE:VALE) reached an agreement with local authorities to pay up to ~11B reais ($1.78B) to renegotiate two railway concession contracts, Reuters reported Monday, citing a Brazilian securities filing.

Vale (VALE) said it agreed on general terms with the

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Vale discloses $1.8B railway concessions deal with Brazil government (NYSE:VALE)

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