MRS signs contract addendum to transport iron ore for Brazil’s CSN

Tuesday, 13 July 2021 23:10:54 (GMT+3)   |   Sao Paulo
       

Brazilian logistics company MRS has signed a contract addendum with local steelmaker Companhia Siderurgica Nacional (CSN) to transport pellets and iron ore for the steel producer, CSN said this week.

The company, which is one of the controlling shareholders at MRS, along with Vale, will pay BRL 240 million ($46.4 million) per year for the updated contract, which will now expire on November 30, 2026.

MRS said the contract addendum includes new origins for the transportation of pellets, iron ore, coal, as well as other products, and covers minimum revenues which weren’t realized in 2020 due to Covid-19.


Most Recent Related Articles

Brazilian port seeks provisional iron ore cargo operator

Vale accelerates decommissioning of its Doutor iron ore waste dam

Usiminas to halt operations at iron ore dam

Vale unveils iron ore capacity guidance for 2021 and 2022

Vale seeks to expand two iron ore open pits