Value refers to pre-sale contracts, which will unlock investments of US $ 1.7 billion for the expansion of Voisey's Bay mine
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<img src = "https://abrilexame.files.wordpress.com/2018/04/2018-04-16t125340z_1_lynxmpee3f0y6_rtroptp_3_latam-summit-vale-e1528379096372.jpg" clbad = "abril-image optimized lazyload" abril-data -id = "2983985" sizes = "(min-width: 991px) 680px, (max-width: 420px) 420px, (max-width: 360px) 360px," srcset = "https: //abrilexame.files.wordpress. com / 2018/04 / 2018-04-16t125340z_1_lynxmpee3f0y6_rtroptp_3_latam-summit-vale-e1528379096372.jpg? quality = 70 & strip = info & resize = 680,453 680w, https://abrilexame.files.wordpress.com/2018/04/2018-04-16t125340z_1_lynxmpee3f0y6_rtroptp_3_latam -summit-vale-e1528379096372.jpg? quality = 70 & strip = all & resize = 420,280 420w, https://abrilexame.files.wordpress.com/2018/04/2018-04-16t125340z_1_lynxmpee3f0y6_rtroptp_3_latam-summit-vale-e1528379096372.jpg?quality= 70 & strip = all & resize = 360,240 360w, "alt ="
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June 28, 2018, 7:43 pm
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<img src = "https: //abrilexame. files.wordpress.com/20 18/04 / 2018-04-16t125340z_1_lynxmpee3f0y6_rtroptp_3_latam-summit-vale-e1528379096372.jpg "clbad =" abril-image optimized lazyload "abril-data-id =" 2983985 "sizes =" (min-width: 991px) 680px, (max 420px, (max-width: 360px) 360px, "srcset =" https://abrilexame.files.wordpress.com/2018/04/2018-04-16t125340z_1_lynxmpee3f0y6_rtroptp_3_latam-summit-vale-e1528379096372.jpg? quality = 70 & strip = info & resize = 680,453 680w, https://abrilexame.files.wordpress.com/2018/04/2018-04-16t125340z_1_lynxmpee3f0y6_rtroptp_3_latam-summit-vale-e1528379096372.jpg?quality=70&strip=all&resize=420,280 420w, https: //abrilexame.files.wordpress.com/2018/04/2018-04-16t125340z_1_lynxmpee3f0y6_rtroptp_3_latam-summit-vale-e1528379096372.jpg?quality=70&strip=all&resize=360,240 360w, "alt =" The values will help the company to finance the expansion of the project (19459029) Vale (19459030) reported receiving Thursday (28) 690 million US dollars related to cobalt sales contracts, with delivery starting on January 1, 2021, which will unlock investments of $ 1.7 billion for the expansion of the Voisey's Bay mine in
Canada .
The monetary value, according to the terms published in 11 of June, was received with the conclusion of the transaction, being US $ 390 million Wheaton and US $ 300 million Cobalt.
The amounts, as previously stated, will help the company to finance the expansion of the project, which is the first investment announcement to mean
Additional payments of 20%, on average, cobalt prices in effect at the time of product delivery, according to company
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