The Brazilian mining titan penned a $2.5bn memorandum of understanding with Bank of China that could lead to syndicated loans, export credit or trade finance agreements.
Vale announced the pact late last week, shortly after its Tubarao Port revealed an agreement with Lianyungang Port to work together on productivity and emissions projects.
The finance agreement, signed during Chinese president Xi Jinpin’s state visit last week, comes just weeks after a host of Greek shipowners penned similar accords during a visit from a Chinese delegation.
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