Brazil’s mining giant Vale received a 12-month extension to meet non-financial obligations for the Carajás and Vitória Minas railways. The decision by ANTT on July 11 followed the Railways Act of 2021, which postponed such obligations.
These obligations include reports and providing passenger trains on specific months. One key investment is the Fico railway, connecting Goiás and Mato Grosso. The government has started construction, with a renegotiation process for the timeline.
Transportations Minister had asked to suspend Vale’s request amid a royalty dispute, hinting at a possible lawsuit to secure an extra BRL 25 billion. The contracts were renewed in 2020, sparking disagreements over payments.
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