Ms. Logística S.
A. announced that its extraordinary general meeting approved the signing of a new 15-year rail freight agreement with Brazilian mining company Vale, a member of Ms.'s controlling shareholder group. The contract covers the transportation of iron ore, pellets and iron ore derivatives from December 1, 2026 to December 31, 2041.
The agreement, signed on June 29, 2026, has an estimated nominal value of about 51.3 billion BRL ($10.10 billion). Taking into account the annual transportation programs and the flexibility of the contract volume, the estimated nominal value is approximately 43.5 billion BRL ($8.57 billion).
The agreement includes a "take or pay" mechanism
According to Ms., the agreement includes a mechanism for guaranteeing annual income ("take it or pay it") based on minimum traffic volumes, a 15-year contract term, provisions governing billing and payments, allocation of liability for direct damage, clearly defined operational responsibilities, contractual penalties for non-compliance, provisions on force majeure.-majeure, confidentiality obligations, data protection requirements in accordance with the Brazilian General Data Protection Act (LGPD), anti-corruption and social and environmental responsibility regulations, as well as a dispute resolution regulation specifying the competent court.
An arm's length contract
The company stated that the agreement was concluded directly between Ms. and Vale in accordance with
