Monitor this situation.
Unsubscribe anytime.
[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 9 sources · 3 days · First seen · Last updated
Vale acquisition of Ligga S.A. stake
Overview
Vale has entered a strategic agreement to acquire a 30% minority stake in Ligga S.A., a mining company operating in the Carajás region of Pará, Brazil. The deal, valued at approximately US$ 190 million, includes an exclusive offtake contract for Vale to purchase all of Ligga’s current and future sinter-feed iron ore production.
Ligga, which is controlled by the Santa Elina group, currently produces 2 million tons of iron ore annually. The partnership aims to expand this volume to 8 million tons per year within two years. To achieve this, the companies plan to construct a new processing plant, implement infrastructure improvements, and develop a railway solution to connect the operation to the Carajás Railroad (EFC), which is operated by Vale.
The expansion project has received an installation license from the Pará State Secretariat for Environment, Climate, and Sustainability (Semas). Pending corporate and regulatory approvals, the expanded operations are expected to begin in June 2028.
Entities
Vale · Carajás · Santa Elina · Ligga S.A. · Goldman Sachs
Timeline
-
8 days ago
[BUSINESS] 2 sourcesVale acquires 30% stake in Ligga S.A. to expand iron ore productionVale is acquiring a 30% stake in Ligga S.A. for approximately US$ 190 million, securing exclusive rights to its iron ore production in Pará, Brazil, with plans to quadruple output by 2028.
-
10 days ago
[BUSINESS] 7 sourcesVale acquires 30% stake in Ligga to expand iron ore productionVale has acquired a 30% stake in Ligga S.A. to quadruple iron ore production in Pará while pivoting toward copper to mitigate iron ore market volatility.
Sources
canadianminingjournal.com · defatoonline.com.br · dol.com.br · em.com.br · exame.com · guiadoinvestidor.com.br · jornaldebrasilia.com.br · oglobo.globo.com · viagemegastronomia.com.br