Vale has agreed to acquire a 30pct minority stake in Ligga S.A., which operates the Ferro Sul iron ore mine in northern Brazil, for around USD 190 mln.
The transaction also includes an exclusive long-term offtake agreement under which Vale will have the right to purchase 100pct of Ligga’s sinter feed production, securing additional high-quality iron ore volumes.
The deal supports Ligga’s expansion plan to quadruple production capacity to 8 mln tons per year from around 2 mln tons currently. The expanded operation is expected to start in June 2028.
Iron ore produced at the mine will be transported via the Carajas railroad, located around 10 km from the site to the Ponta da Madeira maritime terminal in Maranhao state.
Vale currently produces around 330 mln tons of iron ore annually from its two Brazilian operations.
