MOU on Business Cooperation with Brazil-Based Vale S.A.
Reinforcing the relationship with one of the major resource companies in the world and supporting the business activities of Japanese corporations

  • Area: Latin America and the Caribbean
  • Infrastructures
  • Energy and Natural Resources

Taking Japanese Prime Minister Abe's visit to Brazil as an opportunity, JBIC concluded an MOU with Brazil-based Vale S.A. (Vale) on business cooperation. The main objective of this MOU is business cooperation through consultations toward realizing projects which not only secure a stable supply of mineral resources for Japan, but also involve the export of mining-related equipment by Japanese corporations. Vale, one the world's top suppliers of mineral resources, such as high-quality iron ore, has built good relationships with JBIC and Japanese companies over many years. Resource-related projects have recently grown in size, and Japanese companies are expected to have a larger number of, and more diverse, opportunities to take part in these projects. Given such expectation, JBIC, through this agreement, seeks to contribute to securing of a stable supply of mineral resources by Japanese companies, as well as creating export opportunities for mining equipment by further strengthening the close cooperation and partnership with Vale through deepening discussions related to the development and operation of projects of mineral resources.
Back to Top