Vale Informs on Prepayment of Nacala Logistics Corridor Project Finance and Conclusion of the Acquisition of Mitsui's Stake
06/09/2021 09:27
Vale informd on June 8 that the concessionaires of Nacala Logistics Corridor (NLC), located in Mozambique and Malawi, sent an irrevocable notice to the financing banks of the Nacala Corridor Project Finance confirming their intention to prepay the outstanding balance of approximately US$ 2.5 billion, which will be settled on June 22nd, 2021 with funds provided by the company.
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