Brazil Miner Partners With Suzano

Brazilian companies Vale and Suzano have entered a partnership in the northern states of Para and Maranhao. As part of the deal, Suzano will acquire from Vale almost 85,000 hectares, including preservation areas and eucalyptus plantations, for BRL235m. Meanwhile, Vale will supply wood to Suzano for 15 years starting in 2014 and, starting in 2013, will transport 1.3m tons of pulp per year by railroad, from Suzano’s new unit in Maranhao to the city’s port region for 30 years.