Vale acquires 30% stake in Ligga Mineradora for $190M, expanding iron ore footprint

Vale acquired a 30% minority stake in Ligga Mineradora via a $190M capital injection, gaining exposure to the Ferro Sul mine in Pará, which has capacity of 2 Mt/y and plans to expand to 8 Mt/y by 2028. The deal strengthens Vale's position in the Sistema Norte, though the minority stake limits control. This is a strategic investment in iron ore supply, likely to support Vale's long-term production growth.