Vale signs railroad and port contracts

Vale has signed contracts with Gerdau Açominas to transport steel products and coal using Vale's logistics infrastructure - Vitória-Minas Railroad (EFVM) and Praia Mole Terminal (TPM) in Espírito Santo - over the next three years. In 2010, it is envisaged that 4.5 million t of freight will be transported under the deal, rising to 6.2 million t in 2012. This is the largest freight transport deal ever made with Gerdau Açominas, one of Vale's three biggest steelmaking clients. The steel products will be transported on the EFVM from Gerdau Açominas' plant in Ouro Branco, Minas Gerais, to TPM at Tubarão Complex in Espírito Santo. Around 2 million t of these products will be transported in 2010, increasing to 3 million t in 2012.

© 2009 Verlag Stahleisen GmbH