Vale and LLX may team up to build iron ore railroad
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Monday, 04 Oct 2010
Vale SA, LLX Logistica SA MRS Logistica and the Brazilian government may invest BRR 1.2 billion (USD 710 million) in railway lines to connect iron-ore mines with Port Acu in Rio de Janeiro state.
Valor Economico said that a preliminary agreement may be signed shortly.
(Sourced from Bloomberg)
