Energy and commodities giant Vitol strikes a $240m prepayment deal with CSN Mining International for six million tonnes of iron ore over four years. The agreement aims to bolster Vitol’s presence in the global mining and metals market, leveraging financial and trading capabilities in the iron ore sector.

Vitol collaborates with Breakwall Capital to form Valor Mining Credit Partners (VMP), focusing on structured credit investments in mining companies across the Americas. VMP targets event-driven financing opportunities to provide flexible financial solutions for growth and shareholder value enhancement in the mining sector.

Japanese firm Itochu acquires a 10.74% stake in CSN Mineração for $769m, building on its existing 7.15% indirect stake in the iron ore company. The deal signifies Itochu’s strategic investment in the mining sector, further solidifying its position in the market.

Read more at Yahoo Finance: Vitol signs $240m iron ore prepayment deal with CSN Mining