{"id":1867,"date":"2026-02-12T02:43:53","date_gmt":"2026-02-12T02:43:53","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/1867\/"},"modified":"2026-02-12T02:43:53","modified_gmt":"2026-02-12T02:43:53","slug":"vitol-signs-240m-iron-ore-prepayment-deal-with-csn-mining","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/1867\/","title":{"rendered":"Vitol signs $240m iron ore prepayment deal with CSN Mining"},"content":{"rendered":"<p>                                    <img decoding=\"async\" src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/02\/Vitol-shutterstock_2012428889-430x241.jpg\" alt=\"\"\/><\/p>\n<p>                                    Vitol will offtake six million tonnes (mt) of iron ore over four years. Credit:<br \/>\nRHJPhtotos\/Shutterstock.<\/p>\n<p class=\"drop-cap\">Energy and commodities company Vitol has entered a multi-year $240m prepayment arrangement with CSN Mining International for the offtake of six million tonnes (mt) of iron ore over the four years up to 2029.<\/p>\n<p>CSN Mining is a subsidiary of the Brazil-based steel company Companhia Sider\u00fargica Nacional (CSN).<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mining-technology.com\/wp-content\/themes\/goodlife-wp-B2B\/assets\/images\/GMS-logo.svg\" alt=\"\"\/> Discover B2B Marketing That Performs <\/p>\n<p>\n\t\t\t\t\t\tCombine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.\n\t\t\t\t\t<\/p>\n<p><a href=\"https:\/\/www.globaldatamarketingsolutions.com\/\" class=\"gms-find-out-more\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t\t\t\t\t\tFind out more <\/a><\/p>\n<p>The prepayment deal reflects Vitol\u2019s broader objectives to diversify its portfolio and strengthen its foothold in the global mining and metals markets.<\/p>\n<p>Vitol steel raw materials global head\u00a0Derek Wilson stated: \u201cCSN is one of South America\u2019s leading steel and iron ore producers and has for some time been a valued customer of Vitol\u2019s metallurgical coal and coke businesses.\u00a0<\/p>\n<p>\u201cWe are pleased to broaden the scope of our relationship with CSN through this long-term arrangement, which deploys Vitol\u2019s financial, logistics and trading capabilities in the iron ore market. \u00a0We look forward to expanding our presence in this important market and across the entire steelmaking value chain.\u201d<\/p>\n<p>In early July 2025, Vitol, alongside Breakwall Capital, a credit investment firm specialising in the energy sector, announced the creation of Valor Mining Credit Partners (VMP) to focus on structured credit investments in mining companies across the Americas.<\/p>\n<p>VMP aims to concentrate on event-driven financing opportunities, including debt refinancing, acquisition funding and development capital.<\/p>\n<p>The initiative is designed to offer flexible financial solutions to mining companies that can facilitate growth and enhance value for shareholders.<\/p>\n<p>In November 2024, Japanese firm Itochu agreed with CSN to purchase a <a href=\"https:\/\/www.mining-technology.com\/news\/itochu-stake-in-csns\/\" target=\"_blank\" rel=\"nofollow noopener\">10.74% stake in CSN Minera\u00e7\u00e3o<\/a> for 4.42 billion reais ($769m).<\/p>\n<p>The deal builds on Itochu\u2019s existing indirect 7.15% stake in the iron ore company, held since 2008.<\/p>\n<p>                    <img decoding=\"async\" src=\"https:\/\/www.mining-technology.com\/wp-content\/themes\/goodlife-wp-B2B\/assets\/images\/newsletter-new.svg\" alt=\"Email newsletter icon\"\/><\/p>\n<p>\n                    Sign up for our daily news round-up!<br \/>\n                    Give your business an edge with our leading industry insights.\n                <\/p>\n","protected":false},"excerpt":{"rendered":"Vitol will offtake six million tonnes (mt) of iron ore over four years. Credit: RHJPhtotos\/Shutterstock. Energy and commodities&hellip;\n","protected":false},"author":2,"featured_media":1868,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125],"tags":[2221,158],"class_list":{"0":"post-1867","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-vitol","8":"tag-iron-ore","9":"tag-vitol"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/1867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=1867"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/1867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/1868"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=1867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=1867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=1867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}