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Navios could sue Vale over scrapped terminal deal
Navios Maritime Holdings has revealed Brazilian miner Vale has ditched plans to use an iron ore terminal under construction in Nueva Palmira, Uruguay.
Navios said it might take legal measures to enforce its entitlement to damages in accordance with the contract terms.
The pair had signed a 20-year agreement in 2013 for storing and transhipping up to 6m tonnes of iron ore and other commodities a year.