Vale (VALE3) approved the construction of a bridge over the Tocantins River – Capital Advisory

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mining company Ok (VALE3) approved Construction of a railway bridge over the Tocantins Riverin Maraba, Para, a project that is scheduled to start in 2027 with a total investment of US$830 million.

The information is in the 20F report sent by the mining company Securities and Exchange Commission (SEC)United States capital markets regulator.

Banner will be put here

According to the document, the project was approved in March 2022 and will increase the capacity Carjas Railroad (EFC)Improve rail traffic flow and reduce occupational risks.

The project includes a second road bridge for vehicular traffic, which will strengthen the connection between the southeast of the state of Para and the coast of northern Brazil.

“The only current bridge is part of the EFC Railroad, through which we transport all of our iron ore production from the Northern System, as well as copper concentrates produced in the state of Para”. Explains the company in the document.

Vale’s results for the fourth quarter of 2021

Vale’s results (VALE3) for the fourth quarter of 2021 (4Q21), released on February 25, presented net income of R$30.2 billion in 4Q21, showing an increase of 246.5% with respect to the same quarter last year. Year.

Vale’s Ebitda reached R$19.0 billion in 4Q21, down -2.4% compared to 4Q20.

Vale’s EBITDA margin totaled 25.9% in 4Q21, an increase of 1.0 percent compared to 4Q20.

Vale’s net margin reached 41.2% in 4Q21, an increase of 30.1 percentage points compared to 4Q20.

Shares of Vale (VALE3) have registered a decline of 6.78% on the stock exchange in the last 7 days and a decline of 1.10% in the last 12 months.

Source: Estado Materials.

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