Vale (VALE3) reported in a notice to the market on Tuesday, September 22, 2026, that it has entered into an agreement to acquire a 30% minority stake in Ligga S.A. through a capital contribution of approximately US$ 190 million in 2026. According to management, given the characteristics of the transaction, the acquisition was not classified as a Material Fact under CVM Resolution No. 44/2021, and no unusual fluctuations were identified in the price, quotation, or trading volume of the company’s securities.
Ligga operates the Ferro Sul mine, located in the municipalities of Parauapebas and Curionópolis, in the Carajás region, in the state of Pará, with current capacity of approximately 2 million tonnes of iron ore per year and an expansion plan to 8 million tonnes per year. The expansion, scheduled to start operating in June 2028, includes a new processing plant, infrastructure works, and implementation of a rail solution.
The agreement also provides for a long-term contract under which Vale will exclusively purchase 100% of the sinter feed iron ore produced by Ligga. According to the company, this contract ensures long-term access to additional volumes of good quality iron ore, increasing the flexibility of Vale’s portfolio in the Northern System, with lower capital intensity and integration into the existing logistics infrastructure, using the Carajás Railroad and the Ponta da Madeira Port, in São Luís (MA).
Vale emphasized that completion of the transaction is still subject to customary corporate and regulatory approvals. The company also stated that it does not confirm estimates attributed to third parties in the referenced news article, including Ligga’s mineral reserve volumes, any additional expansions, exploitation of other types of ore, or future pellet feed production.
