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Carbon market faces slow burn to success in China

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Vale to pay $2.5 billion to settle liabilities in Mozambique mine corridor

By Reuters Staff
2 Min Read
RIO DE JANEIRO (Reuters) - Miner Vale SA will settle in advance liabilities of around US$2.5 billion related to the project finance for the Nacala logistic corridor (CLN) that serves a coal mine in Mozambique, the company said in a securities filing on Tuesday.
With the payment, scheduled for June 22, Vale said it will have fulfilled all the conditions for completion of its purchase of Mitsui & Co Ltd’s stake in the Moatize mine and the logistics corridor.
Payment was necessary as the project finance conditions did not allow Mitsui to sell its stake, Vale’s press office explained. ....

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Vale to pay $2.5 billion to settle liabilities in Mozambique mine corridor

Miner Vale SA will settle in advance liabilities of around US$2.5 billion related to the project finance for the Nacala logistic corridor (CLN) that serves a coal mine in Mozambique, the company said in a securities filing on Tuesday. ....

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Vale to pay $2.5bn to settle liabilities in Mozambique mine corridor

MONEYWEB
LIVESTREAM
Vale to pay $2.5bn to settle liabilities in Mozambique mine corridor
In doing so it will have fulfilled all the conditions for completion of its purchase of Mitsui & Co’s stake in the Moatize mine, the company has said.
By Marta Nogueira, Reuters
9 Jun 2021
06:22
Image: Bloomberg
Miner Vale SA will settle in advance liabilities of around $2.5 billion related to the project finance for the Nacala logistic corridor (CLN) that serves a coal mine in Mozambique, the company said in a securities filing on Tuesday.
With the payment, scheduled for June 22, Vale said it will have fulfilled all the conditions for completion of its purchase of Mitsui & Co Ltd’s stake in the Moatize mine and the logistics corridor. ....

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Govt to defend tax demand of Rs 2,400 cr from Mitsui arm

Govt to defend tax demand of Rs 2,400 cr from Mitsui arm
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