Vale buys 23 locomotives from MRS for BRL 115 million

Monday, 07 November 2016 00:53:34 (GMT+3)   |   Sao Paulo
       

Brazilian miner and iron ore producer Vale reached a deal with Brazil-based railway operator MRS Logistica to buy 23 locomotives and train parts for a total of BRL 115 million, MRS said in a document filing at the nation’s securities exchange commission, CVM.
 
According to MRS, the BRL 115 million deal was closed October 14. Vale is a shareholder at MRS. Other stakeholders include local steelmakers CSN, Usiminas and Gerdau.
 
Under the terms of the contract, MRS will sell 23 GE Dash-9 locomotives at a price of BRL 4.919 million each, totaling BRL 113.1 million.
 
The deal also involves train parts at a cost of BRL 1.9 million, totaling a combined BRL 115 million deal.

Similar articles

Vale resumes iron ore railroad transportation after incident

13 Nov | Steel News

Vale adopts wind power on world’s largest iron ore carrier

08 Nov | Steel News

Vale advances project to use low-carbon fuel for shipping

30 Jun | Steel News

Brazilian regulator annuls city decision suspending Vale works at iron ore terminal

03 Feb | Steel News

Vale and MOL to study wind propulsion system on iron ore carriers

03 Nov | Steel News

Bus driver strike reportedly affecting Vale’s operations in Mariana

19 Oct | Steel News

Mineração Corumbense requests logistics company to transport Vale’s iron ore

05 Oct | Steel News

Vale commissions ship loader at Brazilian terminal following maintenance

02 Jul | Steel News

Vale may resume Timbopeba mine using unmanned trains

18 Jun | Steel News

Vale, Anglo American, and several other companies studying new vessel fuel

14 Jun | Steel News