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Ministers launch company

Iron ore giant Vale signs equipment deal with China s top machinery maker

Vale, one of the world's largest iron ore producers based in Brazil, said on Wednesday that it has signed a memorandum of understanding with XCMG Construction Machinery Limited, a subsidiary of Xuzhou Construction Machinery Group Co Ltd, which is China's largest machinery manufacturer, for the potential supply of mining and infrastructure equipment, including zero-emission and autonomous equipment. 

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