RIO DE JANEIRO, Oct 2 (Reuters) - Brazilian miner Vale

and state-owned development bank BNDES will create a 1 billion

real ($183.6 million) fund to support local projects with

minerals seen as strategic to decarbonization and the energy

transition, they said on Wednesday.

In a press conference, executives from both groups said

BNDES and Vale will invest up to 250 million reais each in the

fund.

($1 = 5.4458 reais)