Brazil's CSN Mineracao gets long-term deal to supply iron ore to Glencore

Companhia Siderurgica Nacional SA

17/01/2023 10:48

SAO PAULO, Jan 17 (Reuters) - Brazil's CSN Mineracao SA
 CMIN3.SA  said on Tuesday it has reached a deal for a long-term
supply of iron ore to Swiss trader Glencore.
    The agreement includes a prepayment of up to $500 million
from Glencore for the supply of about 13 million tonnes through
four years starting 2024, CSN Mineracao said in a securities
filing.
 (Reporting by Gabriel Araujo; Editing by Steven Grattan)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))