JOHANNESBURG (miningweekly.com) – Brazil's Companhia Vale do Rio Doce (Vale) has signed a long-term contract with steelmaker Corus, to supply iron-ore to its plants in Europe.

Vale will supply about 63-million tons of iron ore over a five year period, the company said in a statement.

Vale is the world's biggest producer of the steelmaking ingredient, ahead of diversified giants Rio Tinto and BHP Billiton.

The company did not disclose a value for the deal with Corus.

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