Miner Vale to negotiate financing with U.S. government for iron ore briquette plant-March 2024-www.financetom.com

Miner Vale to negotiate financing with U.S. government for iron ore briquette plant

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Miner Vale to negotiate financing with U.S. government for iron ore briquette plant

Mar 25, 2024 4:45 PM

SAO PAULO, March 25 (Reuters) - Brazilian miner Vale

said on Monday it has been selected by the U.S.

government to begin negotiations for a potential financing for a

new iron ore briquette plant in the country, according to a

securities filing.

Vale said it will negotiate an award for up to $282.9

million for the project, which was selected by the Department of

Energy through a program focused on technologies to reduce

emissions.

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