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Vale signs agreement to purchase Ferrous Resources Limited

Rio de Janeiro – WEBWIRE

Vale S.A. (Vale) informs that it entered into a definitive agreement to buy Ferrous Resources Limited (Ferrous), a company that currently owns and operates iron ore mines closely located to Vale’s operations in Minas Gerais, Brazil. The purchase price is US$ 550 million and the transaction is expected to occur in 2019, subject to various conditions precedent. 

Further details will be presented on December 6th, 2018, during the Vale Day in London, which will be transmitted live via video webcast through Vale’s website,, starting at 11:15 am London time, 9:15 am Rio de Janeiro time and 6:15 am New York time. 

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