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Brazil’s Vale gets $2.8bn for iron ore expansions

Cecilia Jamasmie | April 15, 2014 | 4:29 pm Europe Latin America Iron Ore 

Vale SA (NYSE:VALE), the world's No.1 iron ore producer, received a $2.8 billion loan from the country’s national development bank BNDES for expansions at Carajas, the largest iron-ore complex in the world. The loan, said the bank according to local...

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