{"id":47709,"date":"2014-04-15T17:05:00","date_gmt":"2014-04-15T19:05:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/bndes-loans-us-2-7-billion-to-vale\/"},"modified":"2019-06-30T13:06:55","modified_gmt":"2019-06-30T16:06:55","slug":"bndes-loans-us-2-7-billion-to-vale","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/bndes-loans-us-2-7-billion-to-vale\/","title":{"rendered":"BNDES loans US$ 2.7 billion to Vale"},"content":{"rendered":"<p>Rio de Janeiro &ndash; A R$ 6.2 billion (US$ 2.7 bn) loan from the do Brazilian Development Bank (BNDES) will enable Brazil&rsquo;s Vale company to build an iron ore mining and processing unit with capacity for 90 million tonnes per year, and a railway line connecting the cities of Cana&atilde; dos Caraj&aacute;s and Parauapebas, in the state of Par&aacute;.<\/p>\n<p>The funds will also be allocated to expanding the Caraj&aacute;s Railway transport capacity to 230 million tonnes per year, and to social development initiatives in the region. The loan&rsquo;s approval has been announced by the bank this Tuesday (15th).<\/p>\n<p>According to the BNDES, the loan will help create up to 30,000 direct jobs and increase Brazilian ore exports, which should impact positively on the balance of trade.<\/p>\n<p>Apart from the BNDES loan, the project counts on R$ 1 billion worth of infrastructure debentures issued by Vale in January this year, in a bid to accrue the funds required to implement the new railway line. <\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The funds will be allocated to construction of an iron ore mining unit, with an annual capacity of 90 million tonnes, and of a railway line.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-47709","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The funds will be allocated to construction of an iron ore mining unit, with an annual capacity of 90 million tonnes, and of a railway line.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/47709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=47709"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/47709\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=47709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=47709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=47709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}