Vale to draw $5 billion from credit lines, help suppliers
Wednesday, March 25, 2020 - 12:37:49 PM
Reuters

According to Mining News Pro - The company also announced an emergency aid package to its suppliers, paying in advance 160 million reais ($31 million) to its mid-sized and small suppliers.

Vale said it will pay more than 1,000 suppliers before they are due to help the companies deal with the sharp fall in economic activity. Construction workers in projects the company has suspended will still be paid, Vale said.


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