02:53 PM EDT, 08/28/2025 (MT Newswires) -- Vale (VALE) said Thursday it has not reached an agreement over the renegotiation of the concession contracts for the Carajas and Vitoria a Minas Railways with the Brazilian government.

The company said reaching a consensus with the Brazilian National Land Transport Agency and the Ministry of Transportation was "not possible" within the established deadline.

The concession contracts, which were preemptively extended until 2057 by addendums, remain in effect, Vale said.

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