Vale (VALE +2.4%) receives a key license to expand its Carajas railroad, linking the world's...

|About: Vale S.A. (VALE)|By:, SA News Editor

Vale (VALE +2.4%) receives a key license to expand its Carajas railroad, linking the world's biggest iron ore mine with a major port in northern Brazil. The license removes one of several major regulatory hurdles to Vale's $19B project to develop the Serra Sul mine at Carajas in the Brazilian Amazon.