Vale finances iron ore exports to Japan

Vale finances iron ore exports to Japan

Corporate & Sovereign Strategy Loans Brazil Capital Markets Debt

Brazilian mining company Vale has signed on a $960 million loan with the Japan Bank for International Cooperation (JBIC) and a group of private financial institutions to finance iron ore exports, JBIC said in a press release. JBIC will cover $480 million of the total loan, "intended to provide the funds required for Japanese blast furnace manufacturers to stably import high-quality iron ore from Vale," the export credit agency said. "The demand for iron ore is increasing on a global level with t

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial