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Vale invests $340 million in Carajás Railway locomotive fleet improvement project

Staff Writer | June 06, 2024 | 10:50 am Suppliers & Equipment Top Companies Latin America Iron Ore 

Brazilian miner Vale (NYSE: VALE) and Wabtec Corporation (NYSE: WAB) have signed an agreement to increase the efficiency and operations of the Carajás Railway locomotive fleet. The railway, which moves a third of Vale’s iron ore output (about 240 million...

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