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Wednesday, February 8, 2012

Brazil government would help Vale vessels to operate in China

Wednesday, 08 Feb 2012

Mines and Energy Minister Edison Lobao said that Brazil government is ready to help Vale SA in the negotiations with the Chinese government for its large vessels, which are able to carry about 400,000 metric tonnes of iron ore, to operate in the Asian country.

Mr Lobao told reporters in Brasilia that Vale hasn’t asked for the government’s help in the issue.

(Sourced from Bloomberg)

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