Vale SA and Usinas Siderurgicas de Minas Gerais Thursday announced they had reached an agreement via signing of contracts that will see the undertaking of steel and iron ore transport utilizing Vale’s rail system. Sinas Siderurgicas de Minas Gerais, also known as Usiminas, the steel manufacture, reported it had concluded the deal with the giant [...]

Japan’s third biggest stock trading company, Sumitomo Corp. Thursday announced that its in a $1.9 billion bid investment for the acquisition of a 30% stake in Brazilian steel giant, Usiminas Siderurgicas de Minas SA unit. The Japanese company targets an expansion of the Brazilian flat steel manufacturer’s production capacity, by tripling its iron ore supply [...]

In a major win for a foreign company in Brazil, WorleyParsons Ltd said it had successfully been chosen in a contract that will see it offer engineering services in the country. The company announced that it had won a contract to offer engineering services for the Brazilian Iron ore mining giant, Vale’s S11D plant in [...]