Vale SA (VALE) has released an update.
Vale S.A. has announced a significant transaction with its related party Mitsui & Co., Ltd, where Vale Japan Limited, controlled by Vale, will sell 16,000 tons of tonimet briquette to Mitsui for an estimated value of US$323 million. The contract, which runs from April 1, 2024, to March 31, 2025, was executed under the same competitive conditions as with unrelated parties, ensuring compliance with market standards and Vale’s internal policies on related party transactions.
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