SAO PAULO (Reuters) – Brazilian miner Vale said on Monday it had reached an agreement with local authorities to pay up to 11 billion reais ($1.78 billion) to renegotiate contracts for two railway concessions, the company said in a securities filing. paper.
Brazil’s government is seeking to remove discounts the previous administration gave rail companies when they renewed their contracts early.
(1 USD = 6.1778 reais)
