Vale to buy 30% stake in Ligga as it seeks additional Carajas iron ore

Vale

22/09/2026 12:54

SAO PAULO, Sept 22 (Reuters) - Brazilian miner Vale VALE3.SA has agreed to acquire a 30% stake in Ligga S.A. for about $190 million to secure long-term access to additional volumes of high-quality iron ore from the Carajas region, it said in a securities filing on Tuesday.
Ligga operates the Ferro Sul mine in the Carajas of Para state, with a current capacity of 2 million metric tons per year and plans to expand it to 8 million tons per year.
Carajas is already a key operating area for Vale, one of the world's largest iron ore producers.
The deal enables Vale to secure additional iron ore volumes with lower capital intensity than developing its own operations, it said.
Vale will exclusively purchase 100% of the sinter feed iron ore produced by Ligga under a long-term agreement, it added.

     

 (Reporting by Isabel Teles; Editing by Gabriel Araujo)
 ((isabel.teles@thomsonreuters.com; +55 11 91033 3602))