19
May
01:00
Vale signs financing MoUs with Chinese banks and shippers
As well as formalising two Very Large Ore Carrier deals on 19 May (see associated article), Brazil’s Vale also signed memoranda of understanding (MoUs) for cooperation on financing with other Chinese organisations.
Under the witness of Brazilian President Dilma Rousseff and Chinese Premier Li Keqiang, Vale signed two three-party Memorandums of Understanding with the Export-Import Bank of China (China EXIM Bank) and two Chinese shipping companies.
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