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


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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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$73 Billion Worldwide Industrial Plastics Industry to 2027 - Impact of COVID-19 on the Market


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Amid the COVID-19 crisis, the global market for Industrial Plastics estimated at US$73 Billion in the year 2020, is projected to reach a revised size of US$101.5 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027.
Polyamide, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$35.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Acrylonitrile Butadiene Styrene segment is readjusted to a revised 4.8% CAGR for the next 7-year period. ....

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