The BNDES finem credit scheme is subject to local content incentives. As such, so is the BRL 31 million (approx. USD 17 million) loan to Vale SA granted on 30 June 2010 by the National Bank for Econom...
On 30 June 2010, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 31 million (approx. USD 17 million) loan to Vale SA. The loan was issued under the BNDES fin...