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Brazil's Vale says Nacala logistics corridor gets $2.7 bln funding
November 27, 2017 / 9:41 PM / 17 days ago

Brazil's Vale says Nacala logistics corridor gets $2.7 bln funding

BRASILIA, Nov 27 (Reuters) - Miner Vale SA and its partner, Japan’s Mitsui & Co Ltd have signed a $2.73-billion project finance deal for the Nacala logistics corridor, a railway system connecting the Moatize coal mine to the Nacala port in Mozambique.

In a securities filing on Monday, Vale said the deal included a loan of $1.03 billion from Japan Bank for International Cooperation and another $1 billion from a syndicate of financial institutions. (Reporting by Anthony Boadle; Editing by Andrew Hay)

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