Vale announces seven cooperation agreements in China

On the 29th of March, Vale announced the signing of seven agreements with different Chinese partners to reinforce its strategic agenda and strengthen its relationship with China. The announcement was made at the Brazil-China Economic Seminar.

In a note, the mining company details that the announcements made include an investment agreement for the Morowali Project, in Indonesia; two deals to support the company’s decarbonization agenda in partnership with a Chinese customer and a Chinese supplier, respectively; two comprehensive strategic cooperation Memorandums of Understanding signed with leading Chinese banks; and two more agreements to strengthen cooperation with Chinese universities.

“We will continue to offer the country high-quality iron ore products to support the continued development of its economy and further deepen our strategic partnership in sustainable mining and low-carbon solutions,” highlights the Executive Vice President of Affairs Vale’s Corporate and Institutional Projects, Alexandre Silva D’Ambrosio.

(Source: O Tempo)