21
Jul
01:00
Vale secures $7.5bn in Chinese financing at BRIC meet
Brazilian iron ore major, Vale, announced late Friday that it had received new credit lines worth $7.5 billion from the Bank of China and the Export-Import Bank of China after a meeting between Chinese president Xi Jinping and Brazilian president Dilma Rousseff. The loans could boost Vale’s efforts to develop its Asian freight network, Kallanish notes.
The deal was made alongside a meeting of leaders from the BRIC nations, Brazil, Russia, India and Chi…
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Anonymous
Very good overview of the weekly steel market.
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