When BNDES gets on board, it means NESA has met the 40 pre-requisites to building and Belo Monte gets underway.
FORBES: Brazilian Mining Company Vale's Avatar Moment
They call themselves Norte Energia, or NESA for short.
If Vale is seen spending money to get NESA up to speed on meeting the 40 requirements set forth by Ibama (it has only met about 25 of them so far), that will likely be seen as a negative on the stock.
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