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JOGMEC signs MOU with Vale S.A. to strengthen relationship

August 5, 2014

 In Brasília, Brazil, August 1st, 2014, Japan Oil, Gas and Metals National Corporation (JOGMEC : Minato-ku, Tokyo, President: Mr. Hirobumi Kawano) and Vale S.A., one of the largest metals and coal producers based in Brazil, signed a Memorandum of Understanding (“MOU”) to strengthen relationship in order to carry out cooperative projects.
The MOU was signed at the time of Prime Minister Abe’s visit to Brazil.
JOGMEC and Vale will strengthen relationship with the following topics;
  • To advance discussions to form exploration projects for mineral resources.
  • To start discussions for further cooperation regarding coal resources.
  • To introduce to Vale through JOGMEC Japan’s advanced technology which may be used in Vale’s operating mines
  • To start discussions to seek for the possibility of joint research with Vale Institute of Technology Department.

Official Ceremony
(front left)Mr. Hirobumi Kawano, President, JOGMEC
(front right)Mr. Murilo Ferreira, President & CEO,
Vale(back left)Mr. Shinzo Abe, Prime Minister of Japan
(back right)Ms. Dilma Vana Rousseff, President of Brazil

Vale S.A.

 Vale S.A.is one of the largest multinational diversified metals and mining corporations with a market capitalization of $ 70 billion and gross sales of $ 49.0 billion in 2013, operating in 31 countries on 5 continents. Vale is the world’s leading producer of iron ore and pellets, and second largest of nickel, which is used for stainless steel, hybrid car batteries and alloys. Vale also produces copper, manganese, metallurgical and thermal coal, cobalt, PGMs and fertilizers.

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