Friday 11 September 2015

Otmane El Rhazi : Brazil's Vale offers 1.35bn reais in debentures

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Brazilian miner Vale said on Friday it launched a public offering for 1.35-billion reais ($352-million) of debentures. The money will be used to help fund the expansion of the Carajas railway as part of its S11D project, a huge new mine in the Amazon that is currently the world's largest iron-ore project.

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