Vale signs streaming agreements from Canadian mine

Vale signs streaming agreements from Canadian mine

Brazil Canada Project & Infrastructure Finance Debt

Vale has signed individual streaming agreements with Wheaton Precious Metals Corp. and Cobalt 27 Capital Corp. to supply cobalt from the Voisey's Bay mine in Canada, the Brazilian miner said in a statement. Streaming agreements involve selling 75% of the mine's cobalt streams, which is the cobalt by-product, delivered from January 1, 2021. The total upfront payment is $690m, plus additional 20% payments based on average cobalt prices upon delivery. The entire $690m will be paid upon closing the

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