The companies ALL and Triunfo, together with Vetorial’s shareholders, announced on Monday (19
th) a joint venture to develop a mine-logistics-port integrated system, and gave rise to Vetria.
Vetria will engage in the exploration, processing, transportation, marketing and export of iron ore through a private port, to be built in Santos (SP).
Equity share
According to a statement from the company, participation in the capital and voting shares of Vetria will be split into 50.38 percent for ALL, 15.79 percent for Triunfo and 33.83 percent for Vetorial’s shareholders.
In addition to its participation in Vetria, Vetorial will also be entitled to $2.50 royalties per ton of iron ore extracted from the mine, limited to a total of 500 million tons.
Funds for the joint venture creation
In order to create this integrated solution, Vetria estimates that an investment of approximately R$ 7.6 billion will be necessary. The funds will be obtained by Vetria in the financial market and through possible strategic partners.
With the investments, Vetria estimates a production of 20 million tons of ore per year, which can be increased to over 7.5 million tons.
Click to visit Vetria Mining
Click to access the Presentation
